) announced Thursday it has acquired Canadian Mortgage Trends.
“Timely, credible and accurate information is one of the strengths of our organization and we are excited by the opportunity of offering added value to our members,” CAAMP
president and CEO, Jim Murphy said in the official release.
The mortgage news
source has recorded 2.6 million visitors and 10 million page views since incpetion, according to Rob McLister, its founder and editor.
It remains to be seen what – if any – influence CAAMP
will have on the website’s content and how brokers receive the new partnership. One broker network head, however, is displeased with CAAMP
’s decision to keep McLister on as editor.
“I am surprised to hear that CAAMP
has purchased Canadian Mortgage Trends and Rob McLister will remain on as Editor,” Gary Mauris
, president of Dominion Lending Centres
said in an email to Jim Murphy, a number of mortgage leaders and MortgageBrokerNews.ca. “He has never been an advocate for mortgage brokers and promotes direct to consumer rate sites.”
Referencing a Globe and Mail article
published Thursday about McLister’s business ventures, Mauris called into question a potential conflict of interest.
“We support consumer awareness, best practice, and a competitive landscape,” Mauris said. “We also strongly believe that consumers are best served by working with experienced mortgage professionals in conjunction with the information that the internet provides knowledge hungry Canadians.”
And while Mauris commends McLister’s contributions to the news
website, he has called for CAAMP
to reconsider its choice of editor.
“Rob, is a very smart, engaging individual who I admire for much of what he contributes but do not support him as the editor for our National Association when his model (intellimortgage.com and ratespy.com) (is) so clearly … in direct competition to the industry that the majority of CAAMP
’s membership support,” Mauris said. “I feel that CAAMP
should reconsider who the editor will be going forward.”
The Canadian Association of Accredited Mortgage Professionals (