The Pros and Cons of Broker Hubs
As lenders increase their minimum volume requirements and efficiency ratios, mortgage brokers are pooling their office deals to take advantage of favourable fees and to continue their relationship with preferred lenders. Gina Monaco takes a look at the pros and cons of this growing trend.
Simply the Best
The fourth annual CMP Canadian Mortgage Awards could almost be named the Oscars for the mortgage industry, where the best of the best came out to celebrate and share their success among their esteemed colleagues; and focus on a bigger and brighter future
WEB EXCLUSIVE: Protecting your clients' information
The federal privacy commissioner’s report on unsecure mortgage broker practices for protecting client information has further exposed the industry to potential fraud crimes. “If I was a professional criminal, a mortgage broker would be my main target,” said Greg Viger, accredited mortgage professional with Dominion Lending Centres Financial Ltd. in Burnaby, B.C.
WEB EXCLUSIVE: Reaction to Stoddart's security concerns
River City Financial Services President David Armstrong weighs in on Stoddart's report and talks to us about what the audit did right and what the Privacy Commission can improve.
Stoddart: Mortgage brokers need to improve customer security
Several mortgage brokerages need to better secure their customers' personal information from theft, Privacy Commissioner Jennifer Stoddart said yesterday in a report.
The CMHC recently tightened the reins on its self-employed borrower
program to avoid some of the problems the U.S. is facing. Kit Kadlec
checks in with brokers who see both the pros and cons of the changes
2010 CMP Award Winners
The 4th Annual CMP Awards gala was a huge success, attracting approximately 500 guests - the largest attendance so far. Here is the complete list of winners for 2010
New BFS mortgage insurance rules change tomorrow
The new CMHC rules for self-employed borrowers take effect tomorrow and pose new challenges for this category of client.
CMAs 2010: The nominees for Mortgage Brokerage of the Year (both over and under 25 employees)
There are just two categories left to be announced for the 2010 CMP Canadian Mortgage Awards - the ING Direct awards for Mortgage Brokerage of the Year (more than 25 employees) and Mortgage Brokerage of the Year (less than 25 employees).
CMAs 2010: Nominees for the Mortgage Broker of the Year award (more than 25 employees)
Almost all the nominees for the 2010 CMP Canadian Mortgage Awards have been announced, but there are still a few key categories left, including the Bridgewater Bank award for Mortgage Broker of the Year (more than 25 employees), which recognizes brokers who are affiliated with a national network.