Industry welcomes CMHC change
It may be a small victory for brokers, but CMHC’s latest rule change is a welcome decision in an era of seemingly endless mortgage rule tightening.
It is all about broker apps, not billboards
Anyone with a smartphone has an app that they find invaluable; one Canadian company is designing apps specifically for mortgage brokers and real estate agents.
Educating the client just got easier
It's crucial to educate your clients come mortgage renewal time, especially when there are cash and credit issues. Now brokers have one more resource to help those who are struggling.
Road reps badmouth broker credit checks
Some mortgage specialists appear to be misleading clients concerned about their credit score in an attempt to erode a key value proposition for brokers.
Premiums may be high, but there is a reason for it
Brokers have been frustrated by tightened underwriting from both the insurers and the monolines, and one lender has stepped up to provide some more clarity on how premiums are determined.
A frustrating reality when it comes to insurers
Are brokers powerless when it comes to insurers costing them deals?
Brokers fear Oliver’s budget promise
The government made a pledge in the federal budget that brokers can’t afford to gloss over, cautions one industry vet, worried about the possibility of higher mortgage rates.
New org draws comparisons to similar successful entity
The verdict is still out for some, but many brokers are applauding the launch of a unified broker association being compared to the nation’s Realtor organization.
Wealth advisors becoming brokers?
Brokers, better get scrappy. Regulatory changes in another sector are threatening to draw more players into mortgage brokering despite the soft market.
Are brokers equal to financial advisors?
If the answer is “yes,” shouldn’t their compensation model be the same. A number of industry players think so.