Marijuana man losing mortgage a good lesson for clients, say brokers
A licensed medical marijuana grower who had his mortgage pulled by Scotiabank is a good lesson for clients who do unauthorized renovations, say brokers.
Our own rate site needed now: broker
Rate sites may be inevitable, but if third-party sites are left unchecked there is a real danger that they will one day gain irreversible pricing power over brokers, cautions one broker.
Kanetix buys RateSupermarket
Brokers may not like it, but this is the reality of the industry today.
The medium is the message at today's Mortgage Summit
The opening keynote message for brokers at today’s Mortgage Summit was the need to balance creativity, technology and profit to define success.
Storefront brokerages an expensive lesson
One broker remembers the expensive lesson learned by brokers a few years ago in opening storefront locations in high traffic retail centres, and sees the BMO micro-branch model succeeding if costs can be controlled.
Rate Your Realtor flops – how about Rate Your Broker?
CREA membership recently rejected a Rate Your Realtor proposal – a concept that would be unworkable and unfeasible if applied to the broker channel argue some brokers while others are ready to embrace it.
Broker, meet your Frenemy, Rate Site
Sure, brokers may have lots of dark feelings about these comparison sites, writes industry vet Ron Butler, but here is exactly how they can turn that foe into friend
Budget targets bulk mortgages
Thursday’s federal budget could have been a lot worse, say some brokers while others are anxious about any potential fallout for BFS clients and monolines.
Renewals: a battle brokers can’t win?
The battle for renewals is a fight that brokers are gonna lose, says a leading mortgage broker.
Ron Butler reads between the lines
In the fall, lenders came bearing the gift of advertisements promoting mortgage brokers to consumers. Verico broker Ron Butler reads between the lines of those ads.