Signing service cuts turnaround times by half
Mortgage Alliance and law firm Anderson Sinclair recently rolled out a real estate closing package which they hope will cut by nearly 50 per cent the amount of time it takes to transact a mortgage application.
Association grows its reach
Atlantic Canada is edging closer to real regulation, with the Nova Scotia government now eyeing the region’s fledgling association as a provider of basic broker education even as another province appears to drag its heels.
Credit unions identify new B20 perils
The national trade association of credit unions is offering fresh criticism of OSFI lending guidelines, suggesting the rules unfairly limit mortgage access for immigrants, low-income, rural and Aboriginal Canadians.
Fed approve Birch Hill's purchase of HOMEQ
Brokers are hoping news the $138 million purchase of the country’s largest reverse mortgage provider will lead to new product develop aimed at the mortgage broker channel.
B.C. brokers challenged by bankruptcy growth
West Coast brokers may see it as a future opportunity, but for now it’s nothing but a challenge as a growing number of B.C. residents go into bankruptcy, sidelining home-buying dreams in the process.
Private lenders could jack E&O rates for brokers
He’s not discouraging them, but an E&O insurance broker is warning mortgage professionals about the costs associated with their expansion into private lending – a move that could raise their insurance premiums by as much as 90 per cent.
Don't 'bin' unproductive referral partners, say brokers
Brokers tempted to ditch referral partners slow to provide leads in a slowing market should re-think that, caution several industry professionals.
Readers shaping CMP, MortgageBrokerNews.ca
CMP and MortgageBrokerNews.ca are taking aim and need your help to do it.
Dragon Kevin O`Leary is hot for mortgage biz
MortgageBrokerNews.ca has more questions than answers at this point, but many brokers are both intrigued and nervous about reports the fiercest Dragon in the Den is entering the mortgage industry.
Ottawa ‘Condo Queen’ fined, suspended
The censure of a high-profiled Realtor is offering a cautionary note to agents and brokers working with "stringer agents" and operating outside the auspices of a brokerage.