Another blow to commissions?
Numbers from Teranet-National Bank show a fifth consecutive month of decline for home prices nationwide -- arguably another blow to broker commissions.
Realtors: Broker-paid referrals 'appropriate'
Objections aside, paid referral fees are nothing but quid pro quo for business passed along to mortgage brokers, argue Realtors.
Broker: Realtors rejecting bank-referral offers
Here’s good news from a market considered the birthplace of bank-paid referrals for Realtors: Those real estate professionals are starting to turn them down.
Brokerage adopts new underwriting model
A large Toronto brokerage may be leading the way with the launch a flat-fee-per-transaction model for its new centralized underwriting service.
Bank earnings climb with new originations approach
National Bank's plans to bump up originations through "branch and mobile" forces doesn't appear to have hurt it in the short term, with the lender counting a 14-per cent hike in residential volumes for Q4.
Brokers: Time for Mono-line consumer advertising
Mono-lines are facing renewed calls to increase consumer advertising, a way of helping mortgage brokers sell to often skeptical clients – inclined to dismiss all non-banks as B lenders.
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.
Realtors: Despite it all, brokers still key referral partners
Good news, brokers: You remain a primary referral partner for real estate agents even as the number of home sales slows across key Canadian markets. Bad news, brokers: More and more, the banks are determined to change that.
National Bank aims to grow referrals
Realtors and brokers are primed to a play an increasing role in National Bank’s growth strategy for mortgage lending, its CEO said on a conference call this week to discuss strong Q2 financials.
Brokers beware: BMO loading up on mortgage specialists and originations
TD Bank has done what many in this slowing market have failed to: grow its mortgage business by eight per cent in the second quarter. Still, it’s not alone.