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Mortgage Broker News | 29 Apr 2013, 12:00 AM Agree 0
Dragon Kevin O’Leary has now fired up his new brokerage with a soft launch and plans to ramp up during the summer for an official opening in the fall.
  • LHME | 29 Apr 2013, 07:40 AM Agree 0
    How is "SecureRate" different from a rate hold offered by almost everyone else? Gotta love the marketing spin.
  • Joe the Broker | 29 Apr 2013, 08:57 AM Agree 0
    They're gonna try anything...and o'leary funds completely stunk so the article is wrong on that as well....
  • Paolo Di Petta | dipettamortgage.com | 29 Apr 2013, 09:35 AM Agree 0
    Is anyone really going to trust the guy that goes on TV and fights to take the biggest chunk of a small business owner's corporation out from under them?

    O'Leary has built a reputation on being the greedy and self-serving 'dragon'. I wouldn't ask him for a dime.
  • Bob | 29 Apr 2013, 09:53 AM Agree 0
    @LHME All brokers pretty much offer the same thing. The only difference between them is marketing.
  • Tamer Tarchichi | 29 Apr 2013, 11:09 AM Agree 0
    It seems that someone is trying to cash in on popularity. Brokers bring so much business to the banks they compete against minus the overhead. Mr. O'Leary is basically trying to take a market share from the mortgage industry without paying the fee to the hand that feeds you. So he's targeting clients with straight approach, that could only mean that he'll be finding type A clients. So how does that help clients with challenging deals? A few suggesting writing on a website doesn't cut. Brokers work one on one with client la to build their credit up to funding. Based on the structure I can only assume alot more declines than approved using this approach.
  • Andrew Roach | 29 Apr 2013, 12:07 PM Agree 0
    I'm in the same line of thinking as Paolo. Here's a guy that has made a name for himself by doing whatever it takes to "Make Money". Yet here he is trying to play the knight in shining armour to help Canadians pay less. It's just so completely different than the guy he claims to be.

    Besides, this just seems to be another insured mortgage with all the same options and insurer restrictions, am I wrong?

    I'm actually growing to like the guy, but this just doesn't fit the mold.
  • Anthony | 29 Apr 2013, 12:27 PM Agree 0
    O'leary is just trying to capitalize on his television fame and make a few bucks in the process...at best he is a helluva promoter...nothing more...he does have a large enough financial vocabulary to address the masses and is surely immodest enough to capitalize on his television face...i'm sure that Dan Eisner's pitch on the Den rubbed off on him as well and now he is applying the same rate buydown model...big effin deal...lets hope he doesn't shame us too much...good luck to us all.
  • Captain America | 02 May 2013, 06:40 AM Agree 0
    Another flavour of the month.... What's it been now.... UFC guy, Gold & Silver Guy.. Now a new Guy .... Flash in the pants lets call him "Bozo the clown" Guy....
  • Frankly Solutions Broker | 02 May 2013, 10:38 AM Agree 0
    What does the public that watches Dragon Den think of Kevin O'Leary and would they trust him in looking after their best interests -

    I think most potential mortgage clients would identify with the trustworthy ethical brokers in our industry ahead of this if this self pro-claimed Shark! I think his aggressive money making strategy would be a better fit with the C- lending sector.
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