Verico news

  • ​Brokers weigh in on market share drop

    Broker market share has dropped year-over-year and some industry professionals believe regulations are to blame.

  • More layoffs to come?

    Expect more cuts to come, says one broker, following the announcement that one big bank has axed 1,500 jobs.

  • Brokers applaud proposed move by lender

    Brokers praise one industry player's dedication to the industry following a recent announcement that his institution is poised to make a big move.

  • Win/win for big bank?

    Following news that many lenders are fleeing the northern markets, one broker believes the latest bank to do so will benefit.

  • A tale of two brokering philosophies

    Conversation on MortgageBrokerNews.ca evolved from a discussion about underwriting exceptions to one about monolines vs. big banks and two brokers discussed their individual reasoning for supporting one or the other.

  • Broker calls for level playing field

    After reading about a perceived double standard in the mortgage industry, one industry player has called for more oversight for one particular group of professionals.

  • Penalties and transparency called into question

    Healthy debate ensued among brokers, following a story about one big bank’s IRD calculations and the penalties in charges, with several calling into question the transparency provided by some lenders.

  • This one major broker gripe may be futile

    A recent Bank of Canada announcement has dredged up an age-old debate but is it one that should finally be put to bed?

  • Guest column: A valuable tool in your broker toolbox

    It’s not for everyone, writes Anson Martin of Verico Fair Mortgage Solutions, but private financing can get the financing your client needs if the broker is willing to work for it.

  • Brokers split on CMHC proposal

    Broker opinion is split -- following news that CMHC is considering banks to pay a deductible before mortgage claims are paid out – with some believing the move will lead to more careful underwriting and others thinking it could result in higher fees for clients.