Brokers want firewall around designated underwriting
RMG’s recent move to a more centralized underwriting service may be a sign of the times, say brokers, but they’re generally more concerned with protecting the designated underwriting service they see as crucial to maintaining efficiency.
RMG ad promotes brokers
RMG Mortgages is another lender stepping to the plate to help promote brokers, placing an ad hawking the benefits of their expert advice in a leading newspaper.
Lenders on Brokers 2012
Last month’s issue saw brokers rank and roust their lenders as part of the sixth CMP Brokers on Lenders survey. This month, lenders review and revel in the results
Rate transcends network lines
An increasing number of brokers seem prepared to cross “network lines” to get to new lenders, with agents outside the Pacific Mortgage Group expressing interest in Radius’s 2.94 per cent offer.
Brokers laud MCAP’s hands-off approach to RMG
Brokers are applauding what appears to be MCAP’s decision to put its money where its mouth is – the lender adopting a largely hands-off approach to RMG’s product lineup and features that deviate from its own.
Cashbacks here to stay?
Broker desperately clinging to cashback mortgage may not have to give them up after all with, provincial regulated monolines suggesting they'll continue to offer the product even as OSFI forces the banks it regulates to ditch it.
ResMor transfer set for May
The official hand-over of ResMor’s residential mortgage division to MCAP has been pushed back to May 1, MortgageBrokerNews.ca has learned.