Client surprised by collateral charge mortgage requalification
Collateral charge mortgages are often criticized for the barriers they place on client's ability to port their mortgage but one broker was frustrated when his client was forced to re-qualify with the same lender to access the collateral loan.
Lender wait times: Banks vs. monolines
When it comes to wait times are the monolines truly better than the banks?
Lender invests in broker network
One of Canada’s largest lenders has made an equity investment in one of the industry’s major broker networks which, according to the players involved, is a positive sign for the industry as a whole.
Brokers on clients' preference for a controversial product
When it comes to advising clients on controversial mortgage products it’s best to leave the final decision with the client, say two leading mortgage brokers.
Product requires work but is worth it, say brokers
Purchase plus improvement mortgages are becoming more popular among brokers and although they may require a good deal of work, industry professionals share their tips on getting the deal done.
Brokers: Opportunity for lenders to embrace insurers
A competitive advantage is there for the taking for monoline lenders who are willing to work with Canada’s two private mortgage default insurers -- Genworth and Canada Guaranty, according to two brokers.
Brokers on Lenders: Opinions diverge
Two brokers share their take on how monoline lenders are performing ahead of the seventh annual Brokers on Lenders issue. Have your say today by filling out the survey.
Brokers lament lender wait times in wake of low rates
The spring season has seen rates drop to record lows and while the trend has bolstered broker business, it has also caused a back-log of files at a number Canada’s lenders.
CMA Standouts: Nick L’ecuyer
CMA Standouts: Nick L’ecuyer - Our Mortgage Broker of the Year Candidates – along with our Top 75 – stand atop the mortgage brokering world in Canada. Read more for details on how some of them do ‘it’
Poll results: Brokers convert business on heels of increased competition
Opinion among brokers was divided about Investors Group’s recent rate promotion and just how good a deal it was for customers. We wanted cold, hard numbers, though, so we asked our readers how many were able to convert client inquiries into funded deals. Read on for the results.