CAAMP acquires Canadian Mortgage Trends

CAAMP acquires Canadian Mortgage Trends

CAAMP acquires Canadian Mortgage Trends The Canadian Association of Accredited Mortgage Professionals (CAAMP) 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.”
 
39 Comments
  • Ron Butler 2014-03-28 1:27:18 PM
    With all due respect to Gary who I think is one of the smartest most dynamic people in this business: many DLC offices offer mortgages on Rate Sites so there is some kind of a disconnect here.

    If Gary is referring just to IntelliMortgage as a lending brand he has a point to make but DLC offices promote themselves with low, discounted rate offers direct to the public on the web through rates sites every day.
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  • Frank 2014-03-28 2:21:27 PM
    I hope that they can keep the integrity of CMT. It is a good second source after mortgagebrokernews.ca However, I use to be a reader of CAAMP's magazine, but it has really gone downhill. Also, is CMT not a consumer site? I would agree with Gary, CAAMP seems to be playing both sides on this one.
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  • brucedavison@rogers.com 2014-03-28 2:53:00 PM
    I am a strong supporter of Rob and his efforts to educate and inform consumers, (and us as brokers), of topics concerning our industry. He has tried to run a fine ( fair) line in his commentaries. Having said that, I am not sure what my Caamp dollars are doing in paying for a site that I have for free, and what added value will espouse from this union. But then I am prepared to wait and see, and perhaps as Rob has mentioned, his site can be even more effective. I find Gary's comments strange ( for him) as I am sure he is not threatened by a more informed consumer. His "normal" thoughts over time seem to suggest he supports greater broker and consumer education. The trick will actually be whether Rob can not only be impartial, and independent as he has suggested, but whether his comments and site will be perceived as such as well. Bigger is not always better, but then staying pat is never a good idea
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