Verico news

  • Broker forecast: Banks have advantage in 2014

    One leading broker is staring into his crystal ball and forecasting another year of competitive advantage for the bank branch in one or two key areas.

  • Leadership event for female brokers

    One industry player has organized an event to help inspire and motivate tomorrow’s female leaders with her second BC Women in Mortgages Leadership Event, set to take place on February 3.

  • CMA's customer service award sponsor speaks out

    Customer service is a crucial aspect of mortgage brokering and the upcoming Canadian Mortgage Awards will reward the individual office who best exemplifies outstanding customer service.

  • Broker fears CMHC downsize

    While brokers doubt the ability of Canada’s independent mortgage insurers to pick up the slack if the government downsizes CMHC’s mandate, they’re much more certain about the kind of effect that move would have on their business.

  • Independent insurers to take advantage of CMHC's risk fee?

    CMHC increased its risk fee to 3.25 per cent last week and one broker believes Canada’s independent insurers – and the brokers who deal with them – are poised to take advantage.

  • Call by rivals for CMHC to hike premiums: To what effect?

    Globe & Mail sources report that Genworth and Canada Guaranty are encouraging the Canadian government to raise CMHC premiums. What effect will this have on clients and the brokering industry as a whole? Not much, says one player.

  • Experts: Expect year-end rate drop

    As the year comes to a close RateSupermarket.ca’s expert panel is echoing the same sentiment it has held for the past two months: Rates will continue to drop.

  • Refi business drops 81 per cent

    While CMHC heralded its third quarter results Friday, it glossed over a whopping 81 per cent drop in refinances, leaving brokers to quantify the impact on their clients and their bottom lines.

  • Experts: Mortgage rates will decline further

    The waning year has seen a rate rollercoaster as historically-low fixed rates shot up before descending once again; and the expert panel assembled by RateSuperMarket.ca expects that slow descent to continue into the end of the year.

  • Clients less willing to renew early... for now

    Following historically low lending rates, clients are less likely to opt to renew early, leaving few opportunities for independent brokers to try to entice clients to switch lenders… for now, at least.