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Is ING Direct here to stay?

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Mortgage Broker News | 24 Sep 2012, 01:30 PM Agree 0
A Scotia-owned ING Direct may maintain its ties with the broker channel longer than many predicted, with the bank announcing it will work to double its customer base -- apparently without an expanded branch network.
  • KARIM LALJI | 25 Sep 2012, 03:31 AM Agree 0
    Why would any broker want to remain with anything owned by Scotia. Scotia Bank's philosophy is to get rid of the broker and arm their own sales force with cut rates and a list of broker expiring mortgages. If any broker wants to succeed look to guys like Boris at Merix, you might end up being more successful.
  • Bc Broker | 25 Sep 2012, 08:02 AM Agree 0
    Maple Trust anyone? Boris runs a great business and is a great guy. He is a real contributor to our industry.
    There is no doubt though that the industry is overly vulnerable to the big banks.
    They are consolidating the channel and a major fee cut will be next. Look at Australia for a glimpse of the future. Just sayin'
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