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.
Call centre competing with brokers?
One network’s plans to use a rate site to drive business to its call centres – with an eye to passing it along to its members – may be short-sighted, said one leading mortgage professional.
Scotia to brokers: commission cut is 'growth opportunity'
Brokers are scratching their heads over comments from a Scotia exec suggesting they view the commission cut as “a growth opportunity."
Alberta Invis-MI brokers react to reported rift with TD
Alberta mortgage professionals with one of the country’s biggest broker networks say they’re hoping for a speedy resolution to an apparent dispute with TD, resulting in their restricted access to the lender.
Brokers: Time for mono-lines to eat refi fees
It’s increasingly apparent all mono-lines will have little choice but to cover legal and appraisal costs for refis, argue leading Toronto agents, billing it as essential to satisfying clients – now inundated with no-fee offers from the banks.
Kelly Neuber joins Invis/MI
Invis and Mortgage Intelligence announced that Kelly Neuber will be joining their senior management team as vice-president of marketing.
Bob Ord returns to broker channel
He’s back... Mortgage industry veteran Bob Ord will now lead a newly-formed MIC – focusing on non-conforming residential lending.
Lender paperwork frustrates brokers, lawyers
A leading broker is asking channel lenders to look at standardizing their instructing documents for lawyers, a way of easing the headache for legal and mortgage professionals, alike, but also creating a competitive edge for the industry.
And the Top 10 brokers are...
The top 10 brokers on this year’s CMP Top 50 Brokers list, really upped their game in 2010. Nine of them topped the $100-million mark, with the top three going over $200 million, including the No. 1 broker...
myNext moves to fill Macquarie/Concentra funding gap
Lender myNext Mortgage Company is now extending its reach outside Mortgage Architects and MortgageBrokers.com to the rest of the broker channel, its CEO suggesting the move will help fill the funding gap left by two recent lender defections.