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Mortgage Broker News | 18 May 2017, 07:31 AM Agree 0
Financial technology company’s member base nearly doubled year-over-year
  • Broker | 18 May 2017, 02:02 PM Agree 0
    I read that Mogo has received 1,000 mortgage applications. How is it possible that they only funded 13 deals since they began last year? That is peanuts! I know brokers who fund 13 deals a week!

    13 out of 1,000 is just 1.3%! That has to be the worst application conversion ratio of any bank, credit union or mortgage broker in Canada.

    They obviously know very little about the mortgage business.
    • Ron Butler | 18 May 2017, 03:19 PM Agree 0
      I know brokers who fund 130 deals in a week.
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