Brokers want firewall around designated underwriting
RMG’s recent move to a more centralized underwriting service may be a sign of the times, say brokers, but they’re generally more concerned with protecting the designated underwriting service they see as crucial to maintaining efficiency.
MCAN to buy Xceed Mortgage
A major Canadian portfolio MIC will soon have CMHC origination access, announcing its takeover of Xceed Mortgage yesterday.
CMP releases complete list of nominees
CMP magazine is sharing all of candidates for the upcoming Canadian Mortgage Awards, the most exhaustive and representative list in the awards’ celebrated history.
BMO backtrack to 3.09 “smoke and mirrors”
BMO’s move to withdraw its 2.99 posted rate is no more than “smoke and mirrors,” says one Ottawa mortgage broker, suggesting the bank will continue to offer even lower rates at the branch level.
Fraudsters getting smarter, better organized
An industry expert is cautioning brokers on smarter, better-organized mortgage fraudsters, more professional than the familiar mom-and-pop operations that once challenged the industry.
Who will be Employer of Choice for 2013?
CMP magazine is revealing another list of finalists for the upcoming Canadian Mortgage Awards, featuring names as popular as they are professional.
One way to get a ‘lender-ordered’ appraisal
Having no official access to a client’s appraisal is nothing new for one Atlantic broker, who has nonetheless found a way around that.
Brokers use Flaherty to promote low rate
With tongue firmly planted in cheek, one brokerage is using a photo of Finance Minister Jim Flaherty to help promote its 2.79 per cent 5-year fixed mortgage with the caption “This rate is too low for the Canadian people.”
Govt lender handed unfair advantage, say critics
The finance minister needs to clean up his own house before pointing the finger of blame at the banking and mortgage community, suggests an analyst from the CD Howe Institute.
Broker access to appraisal reports severed
One Barrie broker found himself out of the loop on his appraisers’ reports, only to learn that his appraiser had been told only to deliver reports to the lenders.