Mortgage broker course gets low marks
Mortgage broker education in Ontario has devolved to a series of subjects focused on developing administrative proficiency rather than beefing up brokering skills, according to a mortgage professional and instructor for the provincially mandated course.
Market slowdown worries brokers, associations
Brokers are now getting an early sign of what’s to come, as the country’s hottest markets – including Toronto – see June home sales cool, even before the latest mortgage rules kick in.
Trio of associations form partnership, talk designation
It’s an alliance seen as increasingly important for a challenged industry, with three provincial associations now formally banding together in partnership -- and with an eye to eventually creating a “professional designation.”
AMBA & IMBA partnership aims to better market brokers
AMBA and IMBA have come together in a partnership to strengthen support and educational opportunities for their members – but also with the potential to better market mortgage brokers.
Paying for errors & omissions
With a spate of E&O claims pinned to private lending deals, brokerages are increasingly straying from their association-endorsed insurers and, as Vernon Clement Jones finds out, shopping around for the best rates, wherever that search takes them
Mortgage Revolution addresses need for bank 'specialist' regulation
The Mortgage Revolution is gaining momentum, with the man behind the grassroots campaign pointing to a Calgary meeting bringing together mortgage professionals and lenders to address industry shortcomings and challenges.
New AMBA prez focuses on growing broker market share
AMBA’s new president is pledging to grow consumer awareness of broker services at the same time strengthen the organization’s ties to industry associations outside Alberta – both ways of overcoming stagnant broker market share.
Alberta broker raises alarm about conservative appraisals
A seasoned Alberta broker is pointing to increasingly “low valuations” since new mortgage rules were ushered in, concerned appraisers for default insurers have gotten ahead of themselves and any future correction in the housing market.
Broker kicks off 'Revolution' to promote industry ethics
One Edmonton broker has begun what he’s dubbed the "The Mortgage Revolution," bringing together industry professionals for a candid and often critical conversation on ethics, integrity and – in a troubling number of cases – the lack thereof.
Brokers react to latest mortgage industry research
The latest research on the broker industry from Maritz Canada for CAAMP, revealed some interesting facts about brokers and their relationships with consumers and lenders.