Friends in American high places
It’s always nice to have friends in high place, but as Mark David finds out, it’s even nicer to have American lenders willing to fund Canadian commercial deals
Brokers to double down on databases, refis, social net for 2013
Brokers are looking to double their efforts in mining client databases, experimenting with social media and chasing refi business to ring in more revenues in 2013 even as the housing market continues to cool down.
MortgageBOSS beefs up with three upgrades
Integration with CMHC’s Emili, automated communications and enhanced transaction analysis capabilities are three new upgrades to Mortgage Alliance’s origination software, MortgageBOSS.
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.
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.
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
'Escalating lender incentives' for Realtors troubling, say brokers
The apparent escalation of lender incentives for Realtors is raising broker concerns around disclosure and the potential dangers for clients.
Broker: Time for channel to help subprime orphans
Broker channel associations and lenders must lobby government on behalf of homeowners effectively orphaned by fleeing subprime lenders and blocked from switching to A lenders because of the new refi rules, said a mortgage professional grappling to keep borrowers in their homes.