To be or not to BDM
As brokers grapple with a slowing market, many are finding relationships with BDMs are also in flux. As Vernon Clement Jones finds out, that may be by design
Broker: Time to give BDMs approval power
A leading Toronto broker is asking lenders to consider returning limited approval power to BDMs, at the same time making those front-line reps more accountable for their underwriting decisions.
Lender: Commission cut won’t protect broker channel
A lender is now weighing in on the debate about brokers lowering upfront commissions in order to protect lenders squeezed by tight margins, suggesting it would do little to protect the broker channel and keep other lenders from following Macquarie and Concentra.
TransUnion set to challenge Equifax on D+H Expert
TransUnion has finally made its push onto the D+H Expert platform and alongside rival Equifax, although brokers won’t be able to shoot off its credit reports to lenders until early next month.
Equity Financial Trust now accepting deals from brokers
Canada has a new entry in the mortgage lending field as Equity Financial Trust received final regulatory approval to become a deposit-taking institution and will immediately begin accepting applications for alternative residential mortgages.
Former Home Trust president to head up new mortgage lending operation
Financial services firm Grey Horse announced it has hired Nick Kyprianou to lead a new alternative residential mortgage lending operation through its subsidiary, Equity Transfer and Trust Company (ETT).
Home Trust announces new president
Home Trust has named Martin Reid, the company's former treasurer, as its new president following the departure of Nick Kyprianou.
Lender status cards - do you have yours?
Broker status and incentive programs are becoming increasingly common among mortgage lenders - but what does it mean for brokers? Erin Letson explores what lenders are trying to achieve, why efficiency matters and how to become a status broker
Almost a year after the launch of its Accelerator program, Home Trust is continuing to expand its prime product offerings and help brokers serve both A and B clients
Welcome to Canada
As Canada prepares for an influx of immigrants in the coming years, the mortgage industry is responding. CMP explores what mortgage brokers can do to make the transition easier