The medium is the message at today's Mortgage Summit
The opening keynote message for brokers at today’s Mortgage Summit was the need to balance creativity, technology and profit to define success.
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.
Rate Your Realtor flops – how about Rate Your Broker?
CREA membership recently rejected a Rate Your Realtor proposal – a concept that would be unworkable and unfeasible if applied to the broker channel argue some brokers while others are ready to embrace it.
Broker, meet your Frenemy, Rate Site
Sure, brokers may have lots of dark feelings about these comparison sites, writes industry vet Ron Butler, but here is exactly how they can turn that foe into friend
Budget targets bulk mortgages
Thursday’s federal budget could have been a lot worse, say some brokers while others are anxious about any potential fallout for BFS clients and monolines.
Renewals: a battle brokers can’t win?
The battle for renewals is a fight that brokers are gonna lose, says a leading mortgage broker.
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 defends position on representing private lenders
It may go against the grain of many brokers, but one seasoned mortgage professional makes it clear to borrowers that he represents the lender in private deals and not, in fact, them.
Call centre competing with brokers?
One network’s plans to use a rate site to drive business to its call centres – with an eye to passing it along to its members – may be short-sighted, said one leading mortgage professional.
Lenders divvy up FirstLine’s spoils, suggest report
The results are in, and as expected, big lenders, with the conspicuous exception of TD, have successfully divvied up FirstLine’s spoils