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Application deluge? Try application dud

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Mortgage Broker News | 11 Jul 2012, 11:00 AM Agree 0
Many mortgage brokers anticipating a deluge of clients eager to beat the mortgage rule changes were disappointed by the actual number of customers who came knocking at their doors last month.
  • @kiltedbroker | 12 Jul 2012, 04:00 AM Agree 0
    I think it is a good sign for our economy that the last minute flood of clients didn't come crashing through the door to beat the rule changes. Look at how most of the lenders changed their internal policies before the actual rule changes came into effect.

    Any broker or lender looking to capitalize on a frenzy created by the rule changes should look at the quality of applicants they are working with.

    For me it was business as usual, and I use any opportunity I get to keep in touch with my clients!
  • Ron Butler | 12 Jul 2012, 04:16 AM Agree 0
    I guess its how you market yourself, in 5 days we had 213 inquiries and 53 applications.
  • Wayne Campbell, Invis - Prince George | 12 Jul 2012, 09:42 AM Agree 0
    This news story catches me totally by surprise! We were absolutely swamped and run off our feet. We were in to work early, worked late and worked right through two weekends, and I was told that CMHC was 5 days behind on our deals.
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