Dominion Lending Centres news

  • Broker channel clinches 4 spots on Profit 200

    Broker Channel companies are all over the Profit 200 – with four of the industry’s highfliers winging their way to the top half of the list honouring Canada’s fastest growing companies.

  • Canada's best mortgage professionals honoured

    Westerners challenged Ontario dominance at the 2012 Canadian Mortgage Awards Friday, the industry celebrating that excellence in Roarin’ 20s style at Toronto’s historic Carlu.

  • Mono-lines play David to banks' Goliath

    It may be another case of David kicking Goliath’s butt, with mono-lines now taking back some of the business brokers were prepared to send to the banks, according to the latest quarterly report from D+H.

  • Brokers need to see clearly when it comes to rate

    For one broker it’s the elephant in the room that no one wants to talk about: the fact that the industry continues to fight banks on rate when it is clear it can no longer do so successfully.

  • Top 5 mono-line challenges

    CMP canvassed brokers from across the country on what exactly mono-lines need to do to keep more of the broker business now going to the banks. Here’s the Top Five ways brokers are challenged by mono-lines

  • Hot markets compensate for tougher refi rules

    Exceptionally strong value gains across much of the country helped limit the Ouch! factor for many brokers grappling with CMHC rule changes on refis, with the Crown corporation suggesting that segment of its book has begun to bounce back.

  • Top 50 brokers turn teachers at the Mortgage Summit

    Niche brokering. It’s a lesson many mortgage professionals are anxious to learn and now there are five of the CMP Top 50 willing to teach it at this month’s Mortgage Summit.

  • Lenders access mortgage histories on credit reports

    A computer glitch has provided some brokers with a glimpse of credit reports that include mortgage payment histories – information many banks, they learned, already get.

  • Part-timer defends the controversial practice

    A seasoned broker – now a part-timer – is defending that choice, challenging mortgage professionals who argue the industry has no place for him and a growing number of others.

  • Brokers wary of TD consolidation

    TD has moved to consolidate BDM services for its prime and alternative lending divisions – something brokers are worried could cost them future business.