REMIC, IMBA take the re-licensing plunge
Industry trainer REMIC becomes the second provider to announce FSCO approval for its Ontario mandatory re-licensing course – following IMBA’s announcement and likely just ahead of two others.
Paying for errors & omissions
With a spate of E&O claims pinned to private lending deals, brokerages are increasingly straying from their association-endorsed insurers and, as Vernon Clement Jones finds out, shopping around for the best rates, wherever that search takes them
Bozic weighs in on exclusivity agreements
A broker channel lender is endorsing the idea of client exclusivity agreements, arguing the time has come for an industry-wide discussion on those controversial but, perhaps, increasingly necessary contracts.
Broker frustration sparks debate on client exclusivity agreements
Exclusivity agreements: It’s a controversial idea, but one whose time may have come, with IMBA President Albert Collu kicking off an industry dialogue on contracts that would penalize clients for using brokers to get better rates at the banks.
Ontario broker lobbies for tighter 'mortgage suitability' regs
The head of a large Ontario brokerage – and VP of the province’s mortgage broker association, IMBA – is lobbying for “better-defined” guidelines around “mortgage suitability” in the governing act, arguing it would help fend off competition from the banks.
Gold-buying broker raises concerns
Some brokers fear it may tarnish the industry’s reputation. But a business advertising broker services – at the same it hawks “cash for gold” – is focused on customer service, said the jeweler/mortgage professionals behind it.
Toronto brokers defy CMHC projections
Toronto home sales – and, indeed, its brokers – are bucking CMHC projections for a “slower spring,” pointing to year-over-year growth more than doubt those conservative estimates.
Collu: Volume minimums ‘taking brokering out of brokering’
Continued use of volume requirements may undercut efforts to grow efficiency ratios while threatening broker independence, said IMBA’s new president.
2011: The Road Ahead
Consumer awareness and confidence in brokers, broker-lender relationships and the threat from government of more mortgage rules are some of the issues John Tenpenny heard about when talking with prominent industry members
Are U.S. brokers giving Canadian brokers a bad name?
Canada’s mortgage brokers are voicing concerns that negative press in the United States is hurting their business, and their reputations.