Prince George brokers defy CMHC projections
Brokers in sleepy little Prince George say they’re poised to significantly better originations this year even as their big-city counterparts in Vancouver enter a slowdown and the CMHC forecasts an 8 per cent sales slide for the northern hub.
Security Breach: What brokers are doing to guard their clients' privacy
In the wake of client privacy breaches of mortgage brokers a few years ago, the industry has improved security measures. John Tenpenny found out what some brokerages and brokers are doing to ensure the personal information of mortgage broker clients isn’t compromised
2011: The Road Ahead
Consumer awareness and confidence in brokers, broker-lender relationships and the threat from government of more mortgage rules are some of the issues John Tenpenny heard about when talking with prominent industry members
Fed gov't discussing new restrictive condo mortgage laws
The federal government is focusing on new ways to limit qualifying for mortgage loans on condominiums, according to the Financial Post.
Mortgage Alliance launches new broker software
Mortgage Alliance launched MortgageBOSS V2, the second version of its broker software, three years after the first system debuted in November 2007.
RightMortgage hits $3 billion mark
In just 36 months Mortgage Alliance’s RightMortgage® product, which allows consumers “customize” their mortgages, has topped $3 billion in mortgage origination.
Trailer fee model earns respect from broker community
There are only two Canadian lenders offering the trailer fee option to brokers, but the trend appears to be gaining. CMP gets feedback on this compensation and looks at more lenders possibly jumping on board
Relationship Makers: A review of the industry's CRMs
All brokers need to organize their client contacts to keep in touch. And every brokerage tries to provide its agents with the best. Heather Li explores the industry’s CRM programs
New Addition to Mortgage Alliance Franchise
A new franchise, specializing in commercial mortgages, has been awarded to Murray Wood, Michel Durand, Mike Shamber and Brennan Wood who will now be known as Mortgage Alliance, Commercial Canada.
Broker sees alternative to Flaherty's suggested mortgage lending restrictions
Lenders should start qualifying borrowers at posted rates to minimize risk of a housing bubble, said Mortgage Alliance broker Mark Herman in response to Finance Minister Jim Flaherty's recent suggestion of upping minimum down payments and decreasing amortization periods.