Brokers back up rhetoric with business
New market share numbers suggest brokers are backing up their rhetoric about preferring to use monolines over the big banks as never before.
Brokers accept olive branch from First National
If you offer it, they will come. Eventually.
First Nat. returns to 80 bps finder’s fee
First National’s 2013 compensation program finally spells out its decision to permanently reverse that 5-basis-point chop to finder’s fees introduced last year and alienating some brokers.
Street sweetens the compensation pot
Street Capital is among those offering brokers an additional 10 basis points on some fixed mortgages, the move helping build an increasingly competitive and lucrative market.
Street simplifies Loyalty program
Vancouver, B.C. - Mortgage Forum. Street Capital revealed more details about changes to its Loyalty program announced last week, specifically removing any mortgage restrictions tied to trailer fee commissions.
To be or not to BDM
As brokers grapple with a slowing market, many are finding relationships with BDMs are also in flux. As Vernon Clement Jones finds out, that may be by design
Genworth moves down the Street
Street Capital has added Genworth as a default insurer, a move, says the lender, in response to broker requests.
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.
Street Capital introduces trailer fee model for brokers
Street Capital Financial Corporation announced the launch of its new Street Loyalty Program to encourage renewal business with brokers by offering two compensation models, including trailer fees.
Lenders respond to brokers survey
CMP had the opportunity to speak to many of the lenders named to the Top 10 in Canada by mortgage brokers across Canada. They told us about the programs they implemented in 2010 and what they thought led to their success, and they discussed new programs they hope will have a positive impact on broker relationships.