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.
Some mortgage specialists appear to be misleading clients concerned about their credit score in an attempt to erode a key value proposition for brokers.
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.
Are brokers powerless when it comes to insurers costing them deals?
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.
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.
Brokers, better get scrappy. Regulatory changes in another sector are threatening to draw more players into mortgage brokering despite the soft market.
If the answer is “yes,” shouldn’t their compensation model be the same. A number of industry players think so.
Brokers are already considering diverting clients from one big bank to another, following a recent change to a popular mortgage product.
Brokers are voicing their displeasure with a recent change made by a big bank that will affect past and future clients.