In a first for the industry, one major broker network has added an in-house economist to its team.
Dominion Lending Centres
announced Monday the appointment of Dr. Sherry Cooper in the role of chief economist.
“We are extremely honoured to have Dr. Cooper join DLC
as our chief economist as the organization moves forward into 2015,” Gary Mauris
, president and CEO of Dominion Lending Centres said. “Dr. Cooper’s knowledge, insights, and ability to forecast changes in the economy will not only benefit the company but Canadian consumers from coast to coast.”
Cooper brings with her years of experience, including posts at the Federal Reserve board in Washington D.C. and the Federal National Mortgage Association, where she was the director of financial economics.
She also served as chief economist for BMO Financial Group.
“Joining DLC as Chief Economist represents a natural evolution in my career. For over 30 years I represented financial institutions by providing my insights into both the Canadian and global economies; now I am pleased to add my voice to an organization that provides choice directly to consumers,” Cooper said. “Mortgage advisers are really one of the best options for consumers seeking advice and financing for a home purchase.”
As part of her role, Cooper will issue quarterly economic updates and statements on the economy with an emphasis on how market conditions will affect mortgage brokers.