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.
CAAMP director answers criticism of board makeup
One of only a handful of active brokers on CAAMP’s board of directors is chalking up the limited representation to name recognition challenges and brokers themselves – often reluctance to take time away from their businesses.
Broker worried rent-to-own gains may cost industry
A 400-per-cent increase in business for a rent-to-own lender is raising concerns among brokers, worried the industry is opening itself to future litigation by placing clients in those deals.