Latest news

  • ‘Micro branches’ for BMO

    The Bank of Montreal is testing so-called micro branches in high-density urban areas, with a small staff able to provide mortgages among other services -- an old idea that may skirt concerns about the banks.

  • Mortgage Chat takes to Twitter Thursday

    Invis/MI brokers are deepening the company’s relationship with rate site Kanetix, announcing the launch of a monthly web chat aimed at promoting their value-add to primarily rate-focused shopper.

  • Certified in-house training needed, says broker

    Brokers know there is a problem with a lack of training among agents, but it is time they took the lead and instituted a universal in-house training program, says one principal broker.

  • Non-compete clause opened the door to success

    MortgageBrokerNews is continuing its series of features on the finalists for Broker of the Year in both categories -- the under 25 employees and the 25 and over. This year’s group is the most diverse, spanning the country. Winners in both categories will be named at the upcoming Canadian Mortgage Awards on May 10 at the Liberty Grand in Toronto.

  • What brokers need to know about 'gift letters'

    A new court ruling about gift letters is offering brokers some expert advice they can pass along to clients, although they may want to do so on the QT.

  • O’Leary Mortgages open for business

    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.

  • Notary suspension offers lesson for brokers

    The suspension of a Vancouver notary over possible mortgage irregularities underlines the need for brokers to uphold standards of professionalism and integrity, says MBABC CEO Samantha Gale.

  • A deal killer brokers can overlook

    Too many mortgage brokers are missing the biggest deal killer out there, says one Vancouver broker, and it can be easily avoided with one simple conversation.

  • At first a broker by chance, now by choice

    MortgageBrokerNews is continuing its series of features on the finalists for Broker of the Year in both categories -- the under 25 employees and the 25 and over.

  • More than 1 in 10 brokerages without E&O

    More than 10 per cent of Ontario brokerages are operating without the errors & omissions insurance required by the industry’s governing act, according to FSCO.