CAAMP: New national association too broker focused

CAAMP: New national association too broker focused

CAAMP: New national association too broker focused CAAMP has issued its first comment about the Canadian Mortgage Brokers Association, criticizing its brokers-only approach.
 
“Regrettably, our proposal and approach was not accepted by the leadership of the provincial organizations, and that process came to an end in January 2015,” an official release from the CAAMP Board of Directors states. “Instead, yet another national organization was created to solely represent mortgage brokers – not the channel as a whole – potentially fragmenting our unified voice, and further dividing our resources among duplicative structures.”
 
The criticism comes a mere day after the CMBA – a unified organization comprising several provincial organizations – was officially announced.
 
According to the release, CAAMP had been in talks with provincial associations throughout 2014 but that its proposal to create a “new, single unified national organization with a new name” was rejected by the provincial organizations.
 
That proposal included:
 
•             Improved member engagement and better communications
•             Reduced costs and improved efficiencies
•             Direct consumer marketing of the value of mortgage brokers
•             Improved AMP: tougher and more meaningful
•             Enhanced broker chapters to ensure we have great “on-the-ground” participation and insight into every region
 
With CMBA’s announcement Tuesday, it appears a number of those provincial organizations have
proceeded without CAAMP’s support.
 
“It was determined that the formation of a national umbrella organization, CMBA, would not only 
enhance already strong regional representation but also promote higher standards and awareness
across the country,” an official release from CMBA states. “CMBA will be an organization by mortgage
brokers for the entire mortgage broker industry.”
 
27 Comments
  • Tim Brierley 2015-04-22 1:59:54 PM
    Hmmm...it's a broker association that is too broker focussed? What is wrong with that? Do the insurance brokers have an association that includes insurance companies or is it just for insurance brokers? CAAMP started out as CIMBL and was created by lenders. CMBA is a BROKERS' association. CAAMP is feeling paranoid because they are becoming less relevant, and the AMP designation provides nothing to brokers, being just a cash cow for an association that is leaning too much towards lenders and is a classic case of the tail wagging the dog.
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  • Anonymous 2015-04-22 2:01:11 PM
    It appears that CAAMP's proposal suggested that all the provincial associations dissolve hence why the province's have started on this path. From what i hear, it was also agreed that if one party decided to withdraw from the discussions, the other 4 would still continue...the CMBA is the result of that. If CAAMP wants to work with the provinces, why don't they reach out?
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  • Michelle 2015-04-22 2:03:08 PM
    Too broker focused!!!!! Isn't the majority of CAAMPS membership mortgage brokers and agents?
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