He may be one of the industry’s most ardent supporters of the free market system -- and a former contestant on Dragons’ Den -- but a leading Calgary broker is thanking Gary Mauris
for confronting Kevin O’Leary’s “supreme case of bad etiquette.”
“I really congratulate Gary for showing the leadership we needed on this,” True North Mortgage head Dan Eisner
told MortgageBrokerNews.ca “It seemed that a lot of us knew this was wrong, but were standing around. He took action.”
The comments echo those of brokers from across the country, reacting to news
O'Leary has now withdrawn plans to address the Mortgage Forum. Earlier, Mauris pulled Dominion Lending sponsorship of the O’Leary presentation.
The controversial TV personality was to have offered a keynote speech, even after MortgageBrokerNews.ca revealed he was effectively readying to compete against mortgage professionals, originating his own brand of mortgages outside the channel.
He will, however, use a mortgage servicing company from within that broker industry.
Those well-developed plans suggest O’Leary erred in agreeing to take the speaking contract for the Forum, said Eisner, who took his successful brokerage model to the Dragons’ Den in 2007, winning the interest of three of those fire-breathing financiers, including O’Leary.
Ultimately, Eisner would go his own way, he and the Dragons unable to come to terms.
“Kevin going to CAAMP
would have been a slap in the face to brokers,” said the brokerage head and the No. 1 originator on this year’s CMP Top 75. “It’s just bad etiquette, especially considering he was getting paid. He should have been paying to go to the conference.”
itself appears to have arrived at the same conclusion.
"Kevin O'Leary was contracted last spring to speak at Mortgage Forum 2012 and recently announced the launch of O'Leary Mortgages," writes CAAMP
in a release issued late Tuesday and following a MortgageBrokerNews.ca article outlining the depth of broker opposition to his planned appearance."It has been CAAMP
's long standing policy that industry participants not be featured as keynote speakers. Kevin O'Leary is mindful of the situation and has withdrawn from participating in Mortgage Forum 2012."