Verico news

  • Switching FirstLine clients given run-around

    Brokers are worried that their FirstLine clients may be getting the run-around when they attempt to switch to any lender other than CIBC.

  • The Big Story: Who owns the 'Broker' name?

    Misappropriation of 'broker' by road reps is raising industry ire and concerns that mortgage specialists are capitalizing on broker reputations.

  • Brokers to Associations: Stop road rep 'broker' use

    Mortgage professionals are putting their associations on notice, insisting they use their clout to stop road reps from calling themselves “brokers.”

  • Keep calm and broker on

    Here, according to leading broker network execs, is what the new mortgage rules mean for mortgage professionals

  • ING's broker days numbered, says vet

    Brokers clinging to the notion that it will be business as usual with a Scotia-owned ING are facing certain disappointment because the popular discount banking brand is bound to disappear in Canada after 18 month, according to a seasoned mortgage professional.

  • 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.

  • And the survey says...

    Rising home prices in the third quarter likely disguised a slowing market for real estate agents and mortgage brokers, alike, suggests a new survey from Royal LePage.