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All bets are on - Brokers anticipate survey results

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Mortgage Broker News | 09 Aug 2012, 11:00 AM Agree 0
A dwindling number of lenders and the need for more competitive rates will emerge as the two greatest concerns for brokers, argue mortgage professionals anticipating the results of the industry's most influential survey.
  • John Dearin RPA,. AMP. | 11 Aug 2012, 01:43 AM Agree 0
    Service, or lack thereof is my biggest problem with monolines....What's up with BDM's and underwriters inability to return calls and emails? Why can't a deal be authorized within 24 hours. We just sent four deals to TD and Scotia after waiting more than three days for a committment from tweo separate monolines. one client walked into Scotia bank after waiting 5 days for a committment from us and was approved in less than 1 business day. On "A" money!! Monolines are killing themselves with poor service, so we had better start sucking up to the banks or we are doomed as an industry in Canada.

    John Dearin, RPA, AMP
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