Verico news

  • 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.

  • Murphy: Ontario could lose 1,830 brokers at re-licensing

    Forget eight per cent. CAAMP President Jim Murphy is suggesting Ontario could lose as much as 15 per cent of its brokers and agents with new re-licensing requirements, effectively erasing gains made since the last major cull.

  • Brokers lose 'easy money' with TD commission change

    It may be the end of a very lucrative era for brokers using TD. But for one high-volume broker, in particular, it’s the loss of a $400,000 shot in the arm, with the bank finally moving to bring its generous mortgage replacement policy in line with other lenders.

  • Rate hikes spur rate holds

    Brokers are starting to see an uptick in the number of clients looking for rate holds after several lenders pushed select VRMs further into plus-prime territory, a broker channel player among them.

  • Brokers worry about lost year

    Brokers worried about the challenging environment and double-digit revenue slips, you’re not alone. A leading industry trainer is identifying a very real and growing anxiety among mortgage professionals from one end of the country to the next – afraid the economy will further compromise their bottom lines.