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.
Brokers disagree fee-based compensation will lead to better underwriting
Canadian brokers don’t buy the premise that a move from an up-front commission-based structure to a fee-based model will result in better loan quality.
Broker alleges false Google ad violates FSCO rules
One leading broker is accusing a competitor of using his name to attain leads through Google’s ad services.
Experts split on rate outlook
Will there be a rate fluctuation in the next 30-45 days? It depends who you ask.
Broker: Lender's products are what matters
One leading broker has echoed the same sentiments of some of Canada’s largest broker networks: it is a lender’s products – and not it’s affiliation with one particular network – that will determine broker opinion.
Lender grows share and earns support across channel
A leading lender is enjoying significant growth and support from the broker networks across Canada following its investment in one of those networks.
Lucky buyer wins by using broker
One leading network’s “Purchase Plus Improvement” mortgage product gives clients access to up to $40,000 for home renovations. And as part of the product, one lucky couple took home $5,000 to help renovate their home.
Brokers criticize mortgage life insurance
Several broker joined the fracas to discuss their own issues with bank-offered mortgage life insurance, with many criticizing the high mark-ups and low payouts.
Brokers discuss refi strategies
Talk turned to refinance strategies during Canadian Mortgage Hangout’s (#cmhTV) second anniversary Thursday and tactics for winning that very valuable segment of business.
Network not for sale
One broker network executive has dispelled the notion that his company is looking to sell “to the highest bidder” following a deal that saw an influential channel player make an equity investment.