Broker sentiment poll now open
Last year’s Broker Sentimental Poll revealed brokers still relied on traditional word-of-mouth as their primary referral source but with the growing popularity and influence of rate sites, has popular opinion changed a mere year later?
Referral fee rules to remain untouched according to recommendation
Brokers can expect the Mortgage Brokers, Lenders, and Administrators Act (MBLAA) to continue to permit charging a fee for “simple referrals.”
Mortgage Summit set for May 8
Mortgage brokers were queuing up for the Mortgage Summit even before organizers were officially ready to launch it; that launch, however, comes today, with the CMP-powered event expected to attract 600 attendees.
Brokers' call for bank specialist regulation fails
Vehement calls from mortgage brokers for bank specialists to fall under the same regulatory regime have failed to convince Steven Del Duca, whose recommendations for the MBLAA review to Ontario’s Finance Minister called for the exemption to continue.
Broker scores at trade shows
These potential clients may have more pressing things to worry about than mortgages, but one broker is using a unique strategy to get before those consumers as they prepare to make a life-altering change..
Strengthening fraud prevention a focus of MBLAA review
Ontario Finance Minister Charles Souza is currently reviewing recommendations for the MBLAA review; and chief among them is to strengthen fraud prevention measures.
Broker podcast 'organically' grows business
An Ottawa-based broker uses his regular podcast to connect with and contribute to his community; and a welcome side-effect of his show has been the natural way it has helped grow his business.
Man swindles churches in advance-fee mortgage scam
A Georgia man who swindled churches and small businesses across the country in an “advance-fee” mortgage scam has been sentenced to more than four years in prison.
Recommendation to allow alternative mortgage course providers
CAAMP has been the sole provider of the accredited mortgage broker course for just under a year, but it may not be for much longer, following recommendations that the government take up concerns over whether one provider is enough.
MBLAA recommendations focus on higher education standards
The man tasked with reviewing the Mortgage Brokerages, Lenders and Administrators Act, 2006 (MBLAA) has presented his recommendations to Ontario’s Minister of Finance; with higher educational standards for agents and brokers among his chief objectives.