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Mortgage Broker News | 05 Aug 2014, 10:40 AM Agree 0
Brokers often prefer sending business to their monoline partners rather than to one of the big banks and CMP’s forthcoming Brokers on Lenders survey will provide those partners with details on how to better compete.
  • Dave | 05 Aug 2014, 11:53 AM Agree 0
    Yes the banks have an IRD calculation that is superior to monolines....just ask your last bank client what they paid in penalties lol
  • Jay | 05 Aug 2014, 02:06 PM Agree 0
    I assume you're being facetious? Banks IRD is anything but superior. Monolines, without their POSTED rates, offer greater advantages without a doubt
  • Glen G | 05 Aug 2014, 02:38 PM Agree 0
    Don't forget automatic Collateral Mortgage/Charge registrations...
  • Jon | 05 Aug 2014, 03:56 PM Agree 0
    weird how so many people on this and other broker sites criticize the big banks, but 2 out of the top 5 by volume market share are Scotia & TD. If brokers dont want to send deals to banks then dont, but there's an awful lot of you sending them clients
  • Jay | 05 Aug 2014, 05:14 PM Agree 0
    ^^^ Maybe you're not understanding the responses here, or perhaps you just like to be argumentative. The points made were regarding the big banks penalty structure (IRD) - which DOES merit criticism. The banks have their place just like any other lender, but there can be vast differences that make monolines look more attractive.
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