Merix/Paradigm Quest wins new owner
Controlling interest in Merix Financial has been sold to a large international equity firm, the lender’s CEO Boris Bozic told MortgageBrokerNews.ca, also sharing the news with employees Thursday.
Mortgage professionals say they’ve had enough of clients going to the bank, with broker commitment letters in hand. As Vernon Clement Jones finds out, a growing number are thinking exclusivity agreements will stop them in their tracks
Brokers on Lenders Survey: The results are in
Brokers’ opinions of lenders have undergone some changes over the past year and they are reflected in the results of CMP’s 5th annual Brokers on Lenders Survey.
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.
Bozic: brokers need to embrace creditor insurance
As brokers clamour for more ancillary products from channel lenders, Boris Bozic is suggesting they’ve largely failed to capitalize on one available to them for more than a decade: creditor insurance.
Winners announced at 2011 Canadian Mortgage Awards
Winners at the 2011 Canadian Mortgage Awards cut a wide swath across the industry, with Albertans leading the charge against Ontario dominance at the ICICI Bank-sponsored event.
Canadian Mortgage Awards winners set to be announced
The votes are in and now it’s only two days until the winners of the 2011 Canadian Mortgage Awards, sponsored by ICICI Bank, are announced.
Brokers differ on whether to advise fixed or variable rates for clients
Brokers looking for definitive advice on steering clients toward fixed, variable or combination mortgages are out of luck, with industry opinion divided ahead of expected rate hikes.
Banks could raise HELOC interest rates
With a surprise drop in credit card debt over the holiday shopping season, lines of credit increased. Merix Financial speculates whether this could push banks to raise HELOC interest rates.
Merix to further enhance new broker portal in 2011
Most mortgage agents have likely noticed Merix Financial’s enhanced broker portal, Explore 2.0, for deal tracking that was launched on Thursday November 25. CMP had the chance to demo it in person, and speak with Merix about plans to further enhance the system in 2011.