Storefront brokerages an expensive lesson
One broker remembers the expensive lesson learned by brokers a few years ago in opening storefront locations in high traffic retail centres, and sees the BMO micro-branch model succeeding if costs can be controlled.
Eisner ready to defend top broker status
The CMP Top 75 Brokers list is back – will you be on it this year? CMP magazine is now calling for broker submissions for its ranking of Top 75 Brokers by funded volume for 2012.
‘Micro branches’ for BMO
The Bank of Montreal is testing so-called micro branches in high-density urban areas, with a small staff able to provide mortgages among other services -- an old idea that may skirt concerns about the banks.
A deal killer brokers can overlook
Too many mortgage brokers are missing the biggest deal killer out there, says one Vancouver broker, and it can be easily avoided with one simple conversation.
At first a broker by chance, now by choice
MortgageBrokerNews is continuing its series of features on the finalists for Broker of the Year in both categories -- the under 25 employees and the 25 and over.
HELOC success? Depends who you ask
HELOCs and Lines of Credit have all but dried up for some brokers, while others continue to rely on them for their bread and butter.
Breathing life back into the B.C. market
Guaranteeing value for nervous West Coast homebuyers has transformed a market mired in a glut of inventory into the goose that laid the golden egg for one B.C. broker.
Strength in the face of adversity
MortgageBrokerNews is continuing its series of features on the finalists for Broker of the Year in both categories -- the under 25 employees and the 25 and over. This year’s group is the most diverse, spanning the country. Winners in both categories will be named at the upcoming Canadian Mortgage Awards on May 10 at the Liberty Grand in Toronto.
Brokerages demanding more-experienced agents
Your rise up the corporate ladder may just have become steeper. New agents are increasingly finding brokerages that demand nothing less than two or three years’ experience.
CRA clampdown highlights broker value-add
The recent Canada Revenue Agency interest in people claiming their condos as homes instead of investment properties is long overdue, says one mortgage broker, also suggesting the crackdown illustrates the role brokers can play.