Brokers can brag no longer
Gone are the days when brokers could truthfully brag about having access to 40 or more lenders, argue some industry vets, suggesting lender losses have whittled down that number considerably – along with the diversity of the product, itself.
Has Canada won its first broker-owned bank?
With several brokers holding shares in the new parent company of MonCana, many are calling it Canada’s first broker-owned bank – something exciting brokers from one end of the country to the next.
Bigger broker networks can compete with the big banks
One broker is hoping that the larger networks forming in the channel will speak loudly and carry a bigger stick – especially to level the playing field against the five big banks.
Mortgage pie keeps getting smaller: brokers
The announcement Mortgage Architects has now acquired Argentum is strong indication the mortgage pie is getting smaller, and more mergers and acquisitions are on the horizon, say brokers.
Size matters in brokering - Swift
Stay tuned, brokers, says Pacific Mortgage Group CEO Ron Swift on the heels of the Argentum acquisition, network consolidation will undoubtedly continue as companies struggle to achieve scale.
BREAKING NEWS: Mortgage Architects acquires Argentum
MortgageBrokerNews.ca has just learned that Mortgage Architects has acquired Argentum Mortgage and Finance.
Lenders slowly returning to southwest Ontario
When the recession hit, brokers turned to the B lenders to bridge the gap during the lean years.
Alice Chan & MA part ways
After almost seven years as senior VP, Alice Chan and Mortgage Architects have parted ways.
ING takeover boosts Scotia’s earnings
Scotia’s acquisition of ING Direct may have been a blow to the broker channel, but it gave a much-needed boost to the big bank’s second-quarter net income earnings.
Top 75 brokers share their recipe for success
Implementing the best business strategies may seem obvious, but many brokers fail to take advantage of what works while discarding what doesn’t.