CAAMP news

  • Agent: Re-licensing could cull broker numbers by 10%

    Re-licensing requirements for Ontario could instantly decrease the number of mortgage professionals by as much as 10 per cent said a new agent, although the loss of young entrants discouraged by the slow economy and tight market may be a good thing.

  • CAAMP: online re-licensing course 'free' for members

    CAAMP will offer the online version of Ontario’s mandatory re-licensing course free to its members – an effort, said its CEO, to “promote member value.”

  • REMIC, IMBA take the re-licensing plunge

    Industry trainer REMIC becomes the second provider to announce FSCO approval for its Ontario mandatory re-licensing course – following IMBA’s announcement and likely just ahead of two others.

  • Broker proposes overhaul of AMP marketing

    A seasoned mortgage broker may have hit upon a better way for CAAMP to market the AMP to Canadians, asking the association to transfer responsibility for promoting the designation to AMPs themselves and, more importantly, to pay them.

  • 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

  • Broker: Industry set to double number of CFP/mortgage brokers

    A CFP/broker is predicting the mortgage industry will more than double its number of dually-certified professionals in the next five years as brokers look to differentiate themselves from the madding crowd and broaden their usefulness to clients.

  • CAAMP chair answers AMP critics

    CAAMP’s chair is acknowledging, and even welcoming criticism of the AMP designation, and its qualifying standards, at the same time pointing to real progress – past and present – in strengthening it.

  • Mortgage Revolution takes on AMP designation

    The head of a national broker network – and the “Mortgage Revolution” – is ramping up lobby efforts to increase qualifying standards for the AMP designation, arguing the barrier to entry is simply too low to promote industry professionalism.

  • Competition grows for association-annointed E&O insurers

    E & O insurance providers endorsed by CAAMP and other professional associations are facing a run for their money as competing insurers win over brokerages fleeing premium hikes.

  • Brokers re-thinking Internet lead-generation strategy

    Brokers looking to generate leads from the Internet may ultimately find it easier and, indeed, cheaper to hand the job to one of a growing number of online referral agents, suggest brokers now winning as much as a 50-percent conversion rate. Still, even then, success largely depends on one thing: rate.