BREAKING NEWS: Mortgage Architects acquires Argentum
MortgageBrokerNews.ca has just learned that Mortgage Architects has acquired Argentum Mortgage and Finance.
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.
Great agents born or made?
The skills for writing a contract are there with new agents, say brokers, but it is the crucial qualities that make a good salesperson which are most lacking.
Star story still holds value, says Babber
A controversial Toronto Star article showcasing broker know-how still hold value, say the broker at the centre of the conflict, suggesting clients will look past the corrections and clarifications to see the value in choosing a mortgage broker.
Brokers erring on the side of caution at tax time
Has Canada Revenue put the fear of God into brokers? Well, at least the fear of an audit, if the latest MortgageBrokerNews poll is any indication.
More than 1 in 10 brokerages without E&O
More than 10 per cent of Ontario brokerages are operating without the errors & omissions insurance required by the industry’s governing act, according to FSCO.
Population growth will cure housing market: analyst
The only sure cure for Ontario’s sagging housing market is more people moving into the province, a CMHC analyst told brokers last week.
Association arms brokers for a fair fight
The Mortgage Brokers Association of B.C. is following its Ontario counterpart in offering member coverage for legal services in the event of an investigation by FICOM or a CRA audit.
Broker: FSCO to blame for channel mediocrity
Probably 75 per cent of brokerages are operated by unsuccessful mortgage professionals, and that can be laid at the feet of FSCO, says one broker.
FSCO getting tough on compliance
FSCO is vowing to crack down on brokerages not following the rules and in the coming months will start with the mandatory policy and procedures manual.