Agent: Re-licensing could cull broker numbers by 10%
Re-licensing requirements for Ontario could instantly decrease the number of mortgage professionals by as much as 10 per cent said a new agent, although the loss of young entrants discouraged by the slow economy and tight market may be a good thing.
Xceed to brokers: We have returned and here's why...
“We never doubted that Xceed needed to partner with the mortgage broker industry,” Gleb Ioussoufovitch, director of sales and marketing for the non-bank lender, told MortgageBrokerNews.ca last Friday. “But we wanted to be a good partner ourselves. "
CAAMP: online re-licensing course 'free' for members
CAAMP will offer the online version of Ontario’s mandatory re-licensing course free to its members – an effort, said its CEO, to “promote member value.”
MortgageBrokerNews nominated for COPA award
MortgageBrokerNews.ca has been named a finalist for the 2011 Canadian Online Publishing Awards, receiving the nod in the Best E-newsletter category for B-to-B magazines.
Top Broker: BDMs must evolve into 'educators'
The head of CMP’s “Mortgage Brokerage of the Year” is urging BDMs to embrace an expanded role as educators, a way of increasing their utility to mortgage professionals, looking to grow their own usefulness to clients.
Vancouver brokers eyeing Alberta opportunites
It may be a case of thinking the grass is greener on the other side, but a growing number of B.C. brokers are moving to get licensed across the border in Alberta, as originations in their own large markets slow.
OSFI echoes broker concerns about Big Six lending
RBC, BMO and the rest of the Big Six, consider yourselves warned: The Office of the Superintendent of Financial Institutions (OSFI) has its eye on you, moving to increase its scrutiny of your lending practices to ensure prudence isn’t sacrificed for volume.
Broker: Time to give BDMs approval power
A leading Toronto broker is asking lenders to consider returning limited approval power to BDMs, at the same time making those front-line reps more accountable for their underwriting decisions.
Regulators crack down on rogue brokers
The industry saw a spate of broker suspensions and cease and desist orders this summer, with regulators showing renewed willingness to enforce both the letter and the spirit of the law.
Fall forecast for GTA brokers: Sunny
If business for Toronto brokers has been down this fall, it may not be for a lack of opportunity, given a 25 per cent jump in home sales for the first two weeks of September, compared to last year.