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Mortgage Broker News | 13 Jul 2015, 08:50 AM Agree 0
CAAMP will take the opportunity to re-evaluate its future in the wake of its long-serving president and CEO’s departure.
  • Kevin Conroy | 13 Jul 2015, 10:51 AM Agree 0
    Best of luck to Jim in his new endeavor. His tireless work over the years on behalf of the industry is very much appreciated. The difference he made was substantial. Jim Murphy will be sorely missed.
  • John Bargis | 13 Jul 2015, 11:08 AM Agree 0
    Jim Murphy’s departure from CAAMP is no doubt the end of an era for an organization that has struggled to find its way since its inception, long before Jim took hold of the reigns 10 years ago.

    Between the politics amongst the lenders over the years, and the self interest groups from network brokers jockeying for position who have always dominated the boards past and present, the task of introducing and executing progressive change for the mortgage broker industry as a whole, was next to impossible for anyone at the helm to achieve with these challenges, let alone Jim.

    The loud cries of discontent from its membership for the lack of strong representation for the mortgage broker, fell on deaf ears year after year by CAAMP, which ultimately led to the creation of stronger regional associations, and the formation of the new national Canadian Mortgage Brokers Association (CMBA) with the introduction of a true Mortgage Broker designation (MB), by those who were tired of the consistent shenanigans that one man could never have been solely responsible for.

    Whether Jim Murphy was liked or not, is no longer of any significance to our industry. The reality is that come July 31st, CAAMP will be without a leader as Jim will be a thing of the past – and frankly speaking, who could blame him for finally deciding to move on with the firestorm of politics he walked into from the very outset, with mandates to promote doomed to failure initiatives like the AMP.

    I would personally like to sincerely wish Jim Murphy the very best as he moves on, and hope that this latest development in the history of our industry finally makes a substantive difference, so that we can all move on to bigger and better things, mortgage brokers and lenders alike......I have full faith that Mr. Putnam as the current Chair of CAAMP, will put his very best foot forward to explore new opportunities, by creating a solid footing that will actually benefit all long term. My only hope is that the incoming Chair exercises consistency and stays the course during their term.
  • Bc broker | 14 Jul 2015, 10:38 AM Agree 0
    Well said John, now is an opportunity to revamp the board structure and give it back to the brokers.
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