CMP Brokers on Lenders teaser
Early results from CMP’s Brokers on Lenders survey prove that with the ever-tightening underwriting, brokers are having to rely more and more on Alt-A and B deals as fewer clients now qualify for prime.
Lender mergers: Good or bad?
Brokers are feeling uneasy with the number of mergers taking place in the industry recently, voicing concerns that a shrinking pool of lenders may nullify their competitive advantage.
Credit unions offer best rates
Credit unions are cashing in on the opportunity to snag business from other lenders in the wake of three big banks and one monoline announcing rate increases last week.
Heritage Financial acquires Verico Boomerang
In a statement released Monday, Heritage Financial Group Ltd. announced it has acquired a 50 per cent stake in Verico Boomerang Financial Inc., a Calgary-based mortgage brokerage firm.
Breaking barriers between brokers and lenders
Lenders too frequently favour a “black and white” approach to qualifying clients, complain a growing number of frustrated brokers.
Monoline changes its preapprovals
One leading monoline announced changes to its pre-approval rates last week.
Brokers on dealing with rate hikes
TD has now joined the increasing number of lenders pushing up fixed rates – a trend expected to see even seasoned brokers return to chasing down leads but also to deepening their value-add beyond basis points.
Closing time: Moving the storefront online
The storefront is dying as more and more brokers are ditching them in favour of catching eyes online and not on the street.
Using Twitter to bolster your community... and client base
It may be impossible to quantify exactly how much business Twitter drives to a company, but one leading broker – who has organized successful community events through Twitter to bolster his hometown’s economy – believes the social media platform is invaluable for building connections.
To tweet or not to tweet; for brokers, that is the question
He may have over 14,000 Twitter followers, but Jessi Johnson of Verico mortgagebrokerteam.ca has scaled back on his Twitter activity – now convinced it's a lackluster business development tool.