Verico news

  • First Nat. returns to 80 bps finder’s fee

    First National’s 2013 compensation program finally spells out its decision to permanently reverse that 5-basis-point chop to finder’s fees introduced last year and alienating some brokers.

  • Demise of the buyers’ bonus a boon to brokers

    B.C.'s new home credit for first-time buyers expires on March 31 – and that's great news for brokers tired of seeing many clients lured to a developer's lender.

  • Ron Butler reads between the lines

    In the fall, lenders came bearing the gift of advertisements promoting mortgage brokers to consumers. Verico broker Ron Butler reads between the lines of those ads.

  • Brokers: ING spoils up for grabs

    It’s no dead certainty brokers will divert ING deals to Scotia, in fact, argue some, the spoils could go to monolines able to duplicate the lender’s star offerings.

  • ING Direct moving to cease broker originations

    For some brokers, it reads like a "Dear John" letter, but on Wednesday, ING Direct announced it will cease accepting new applications from brokers on Feb. 16, at the same time recommending its new parent company Scotia to mortgage professionals.

  • Speak now or forever hold your peace

    Insurance and mortgages are tying the knot at a growing number of brokerages, but don’t expect creditor insurance providers to object to the union. Far from it.

  • Brokers channel pumps $1.2 million into charity

    Growing originations wasn't the only focus of brokers this year, with their collective efforts for charity surpassing last year's grit, determination and, indeed, generosity.

  • Mortgage industry headed for national licensing: broker

    A seasoned broker foresees and, indeed, welcomes the mortgage industry’s move towards a national licensing regime, pointing to the development of a regulatory council.

  • 'Rate-less' website pays off

    A year after he decided to remove rate charts from his website in favour of “more quality content," a Vancouver broker is billing his increased traffic as proof of a winning strategy.

  • Verico partners with Brian Tracy for new broker webinar

    Verico is poised to launch business development webinars with motivational speaker Brian Tracy, aimed at pushing its mortgage professionals forward, even as the market falls back.