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
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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.
Brokers defends position on representing private lenders
It may go against the grain of many brokers, but one seasoned mortgage professional makes it clear to borrowers that he represents the lender in private deals and not, in fact, them.
Top 5 tips for turning up leads
With reports from all fronts pointing towards a market slowdown, seasoned brokers are offering newbies some of their tried-and-true strategies for turning up leads during a slump.
HOMEQ promo eliminates closing fee
The channel’s leading reverse mortgage provider is sweetening the pot for brokers and their clients by suspending closing fees on its five-year product indefinitely.
Broker to broker: Know your investor's risk tolerance
Having a clear idea of a private lender’s risk tolerance will help brokers maintain increasingly vital relationships at a time when the tight market has made those investors a hot commodity, according to a seasoned broker.
Brokers cautioned on private lenders
One broker is cautioning colleagues on private lenders, which are gaining popularity among borrowers shut out from banks by the new mortgage rules.