Mortgage Alliance news

  • Brokers turn to buydowns in slow market

    One broker is getting candid about rate buy downs, offering 2.89 per cent on five-year fixed to any client who qualifies and arguing a slowing market has mandated the move.

  • Home ownership more affordable but channel sees little action

    Despite improving home ownership affordability nationwide, the new lending realities have put less Canadians families under a new roof, according to brokers.

  • Signing service cuts turnaround times by half

    Mortgage Alliance and law firm Anderson Sinclair recently rolled out a real estate closing package which they hope will cut by nearly 50 per cent the amount of time it takes to transact a mortgage application.

  • Brokers give banks more bang for their buck

    Two brokers are articulating a very dollars-and-cents argument for why mortgage professionals continue to represent real cost savings for big banks – that despite Scotia’s take-it-leave-it approach to commission cuts.

  • Broker network video goes viral

    Mortgage Alliance’s marketing team may have a lot of reason to dance these days. A promotional video featuring exuberant borrowers busting a move in celebration of their mortgages has gone viral.

  • A broker-only 2.98

    The road reps won't like it. Heck, many brokers may not like it, either! But Mortgage Alliance has now handed its members a 20/20 five-year mortgage at 2.98 per cent; specifically tied to its very successful RightMortgage.

  • CAAMP director answers criticism of board makeup

    One of only a handful of active brokers on CAAMP’s board of directors is chalking up the limited representation to name recognition challenges and brokers themselves – often reluctance to take time away from their businesses.

  • 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.

  • Ad increase bolsters network's book

    A national broker network is crediting a 20 per cent jump in its advertising budget for a double-digit spike in business – even as new home sales slip.

  • 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