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MCC brokers highlight CIBC exclusivity

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Mortgage Broker News | 26 Jul 2012, 11:00 AM Agree 0
With FirstLine being pulled from the broker channel, expect MCC and HLC brokers to impress upon their clients that they alone have access to CIBC.
  • George Dannewald | 27 Jul 2012, 12:26 AM Agree 0
    Having been an MCC mortgage broker from 1993 to 2011, I cant recall ever having any luck with CIBC directly. I may have had one or two deals with them over that 18 year period, but for the most part, CIBC were never competitive. I did enjoy the benefit for a short period of using PCF for their second position LOC's for stated income, but basically speaking not being able to use CIBC products anymore will not be a major loss to me. I know other MCC and ex MCC brokers who say the same. CIBC owns MCC, but really never was competitive, so how could one be loyal if they wished to compete and make a living!
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