Loyalty agreements 'embarrassing' for brokers
There is more talk of loyalty and exclusivity agreements in the channel – but most mortgage brokers refuse to handcuff clients with a piece of legal paper, and doubt it will become common practice.
Broker would welcome application software choice
There's one application platform that dominates the industry, but some brokers are asking lenders to do what they can to ensure more choice, starting with MorWEB.
Renewal time for brokers?
Counsel Corporation has seen its stock price double in less than a year – success that could be worth some attention by mortgage brokers, who are more focused on new volume than renewals.
MCC professionals will not pay our fees, says DLC
Dominion Lending Centres wants to make one thing perfectly clear: MCC employees will not be subject to the same fees as their DLC counterparts – including the ad fund.
Broker considers loyalty agreement to stop client hemorrhaging
One broker tired of doing all the work and watching the client jump ship to a big bank matching rate is reigniting the debate on exclusivity agreements.
New twist on rate sites draws broker concern
Brokers are already fearing the loss of “client ownership” with the launch of a new website by the people behind RateHub.ca – specifically a web portal helping calculate and arrange the closing services of lawyers and appraisers.
What’s the odds on ‘MCC’ by 2014?
Amid congratulations for Dominion Lending Centres and president Gary Mauris comes speculation on just how long The Mortgage Centre will remain a distinctly separate entity.
MCC brand will continue, says DLC’s Mauris
Dominion Lending Centres’ purchase of The Mortgage Centre (MCC) from CIBC represents “a commitment to the mortgage broker space,” says DLC president Gary Mauris.
DLC acquires MCC
Dominion Lending Centres has acquired ownership of The Mortgage Centre, marking CIBC's absolute retreat from the broker channel.
Western brokers to establish education platform
The Alberta and B.C. mortgage brokers associations announced yesterday they are establishing a Western Canadian education platform for members.