Verico news

  • 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.

  • Broker: Lender amended contract after client signed

    Brokers advise clients to diligently read the fine print but what happens if the contract is changed after the client signed?

  • 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.