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Mortgage Broker News | 05 Feb 2016, 08:15 AM Agree 0
Brokers have lost a number of former lender partners in the past few years and one current firm operating in the channel speaks to its future plans
  • Jessie | 05 Feb 2016, 10:05 AM Agree 0
    Not a big deal here. There are brokers offering low 1 yr fixed at 1.79%.
  • Marie Illerbrun | 05 Feb 2016, 10:13 AM Agree 0
    They have done this about 3 or 4 times now with 1 yr, 4 yr or 5yr. My only complaint every time is sure lots of banks offer inside rates but they don't advertise it to death and make a point of saying its not for brokers though. They need better PR on these promos.
  • Jeremy | 05 Feb 2016, 10:17 AM Agree 0
    This has been going on for years and will continue to. Banks have to drive business to their branch network somehow. As a broker myself, I hate when I hear my colleagues complaining. The days of the broker having the rate advantage are over. Rate is longer our competitive advantage, so it's time we change our value prop.
  • Jamie | 05 Feb 2016, 10:27 AM Agree 0
    an other issue I do not like when the branches have lower rates than the broker channel is that Meridian requires branch signings - so when the clients come into the branch to sign - they see the branch only rate offerings - which is lower than what they were given by us and clients naturally ask "how do we get that rate"
    They are then told "you have to come to us directly" which does not make the clients feel good about dealing with a broker
  • James | 05 Feb 2016, 11:01 AM Agree 0
    What PR? they have with us direct! and yes, they don't care about your feelings.
  • Raymond Green/Mortgage Broker | 11 Feb 2016, 10:23 PM Agree 0
    wheres the loyalty i am a broker offer low rates
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