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Mortgage Broker News | 04 Nov 2014, 10:40 AM Agree 0
Brokers are already bracing for a surge in the number of mortgage specialists entering the channel, with one big bank’s announcement that it will shed 1,500 positions in a drive to achieve “greater efficiencies” – even at a cost of $148 million.
  • Angela Wong-Liao - Invis | 05 Nov 2014, 05:39 PM Agree 0
    As a former Scotiabank employee for 28 years, I can understand how conservative and proactive is the Bank's mandate and direction. To start tighten up now and to shed jobs for operational efficiency to compete internationally is a proactive approach.
  • Joel Sida Mortgage Broker | 09 Nov 2014, 03:18 PM Agree 0
    Hi Angela, I believe the article talk about how the independent brokers world will see an increase on brokers due to workers moving from layoffs to looking for mortgage jobs
  • Gloria Lee Banking Consultant | 10 Nov 2014, 12:23 PM Agree 0
    You are correct Joel. However, I believe it might be just another corporate manipulation of the books for their quarter/annual reports. Look at their job postings. They are still hiring. At Manulife, we don't have enough and have continued hiring.
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