Verico news

  • 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.

  • Underwriter's background paves the way?

    Do you know where your dedicated underwriter comes from? It could in fact make a difference, argues one broker pointing to the benefits of dealing with former employee of a mortgage insurer.

  • Monolines best banks once again, say brokers

    While banks increasingly position themselves as the only real solution for new immigrants seeking mortgages, brokers still believe monolines offer the most competitive options for new Canadians.