Lenders dangle carrots in drive for efficiency
Brokers are increasingly being judged by the efficiency of their work and not just the funded volume of their labour, with two channel players formally updating reward programs to better reflect that metric.
Brokers: Time for Mono-line consumer advertising
Mono-lines are facing renewed calls to increase consumer advertising, a way of helping mortgage brokers sell to often skeptical clients – inclined to dismiss all non-banks as B lenders.
Brokers on Lenders Survey: The results are in
Brokers’ opinions of lenders have undergone some changes over the past year and they are reflected in the results of CMP’s 5th annual Brokers on Lenders Survey.
Realtors: Despite it all, brokers still key referral partners
Good news, brokers: You remain a primary referral partner for real estate agents even as the number of home sales slows across key Canadian markets. Bad news, brokers: More and more, the banks are determined to change that.
National Bank aims to grow referrals
Realtors and brokers are primed to a play an increasing role in National Bank’s growth strategy for mortgage lending, its CEO said on a conference call this week to discuss strong Q2 financials.
Brokers beware: BMO loading up on mortgage specialists and originations
TD Bank has done what many in this slowing market have failed to: grow its mortgage business by eight per cent in the second quarter. Still, it’s not alone.
Winners announced at 2011 Canadian Mortgage Awards
Winners at the 2011 Canadian Mortgage Awards cut a wide swath across the industry, with Albertans leading the charge against Ontario dominance at the ICICI Bank-sponsored event.
Canadian Mortgage Awards winners set to be announced
The votes are in and now it’s only two days until the winners of the 2011 Canadian Mortgage Awards, sponsored by ICICI Bank, are announced.
Broker: TD shift to business lending a good thing
TD Bank’s plans to use a significant uptick in business lending to make up for a cooling mortgage market is garnering mixed – albeit positive – reaction from brokers and mono-line lenders.
Effects of interest rate hike may be overestimated
The aim of recent warnings from government and bank officials about the rising level of household debt was to prepare Canadian consumers for the inevitable rise of interest rates at some point in 2011. The effects of higher interest rates should not be overestimated however.