IMBA news

  • Brokers: Lenders, cut us some slack

    A seasoned broker is encouraging channel lenders to relax their minimum volume requirements in the short-term, a way of helping an industry struggling to maintain originations even as the Canadian market cools.

  • REMIC re-licensing course ups the ante

    Ontario’s re-licensing race just got more interesting, with industry trainer REMIC introducing a course loaded with extras and for as little as $30 – an offer designed to challenge CAAMP’s own free online invitation to members.

  • Going exclusive

    Mortgage professionals say they’ve had enough of clients going to the bank, with broker commitment letters in hand. As Vernon Clement Jones finds out, a growing number are thinking exclusivity agreements will stop them in their tracks

  • 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.

  • 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

  • Bozic weighs in on exclusivity agreements

    A broker channel lender is endorsing the idea of client exclusivity agreements, arguing the time has come for an industry-wide discussion on those controversial but, perhaps, increasingly necessary contracts.

  • Broker frustration sparks debate on client exclusivity agreements

    Exclusivity agreements: It’s a controversial idea, but one whose time may have come, with IMBA President Albert Collu kicking off an industry dialogue on contracts that would penalize clients for using brokers to get better rates at the banks.

  • Ontario broker lobbies for tighter 'mortgage suitability' regs

    The head of a large Ontario brokerage – and VP of the province’s mortgage broker association, IMBA – is lobbying for “better-defined” guidelines around “mortgage suitability” in the governing act, arguing it would help fend off competition from the banks.

  • Gold-buying broker raises concerns

    Some brokers fear it may tarnish the industry’s reputation. But a business advertising broker services – at the same it hawks “cash for gold” – is focused on customer service, said the jeweler/mortgage professionals behind it.