Poll results: Brokers convert business on heels of increased competition
Opinion among brokers was divided about Investors Group’s recent rate promotion and just how good a deal it was for customers. We wanted cold, hard numbers, though, so we asked our readers how many were able to convert client inquiries into funded deals. Read on for the results.
Monolines surprised by rate; clients curious
Reports of Investor Group’s recent 1.99 per cent three year variable rate “shaking” the industry weren't exaggerated, with lenders being caught off guard and scores of clients inquiring about similar products.
Newcomers to be honoured at CMAs
The mortgage broker industry has its fair share of regular faces; the old guard who have been leaders for years. Each year, however, a new crop of up-and-coming, ambitious professionals emerge and some of them will take home Canadian Mortgage Awards for their efforts. These are our finalists in a number of “newcomer” categories.
Best advertising CMA finalists announced
In the continued unveiling of our CMA finalists, MortgageBrokerNews.ca announces the second round of shortlisted categories – with all winners set to be announced May 9 at the Liberty Grand in Toronto.
Broker calls for level playing field for HELOCs
One broker believes last week’s budget is a step in the right direction, though she hopes the path will lead to once again allowing monolines to provide HELOCs.
Leadership event for female brokers
One industry player has organized an event to help inspire and motivate tomorrow’s female leaders with her second BC Women in Mortgages Leadership Event, set to take place on February 3.
Canada Guaranty insurance now available through MCAP
Canada Guaranty announced Monday that its mortgage insurance products will now be available through MCAP; adding another selling point to the independent mortgage company’s repertoire.
Gord Dahlen takes on a new challenge
Industry leader Gord Dahlen has moved from his executive position at Dominion Lending Centres, with another channel player now welcoming him into its expanding fold.
Monoline changes its preapprovals
One leading monoline announced changes to its pre-approval rates last week.
Listening to brokers key to good lending
Those lenders who are perennially near the top of CMP’s Brokers on Lenders survey maintain their position by listening to and learning from brokers, says one industry veteran.