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Lenders market share

If you are in the market for a mortgage, then where will you shop? Will you go to the top volume lender or to the most competitive lender? If you are doing your research about mortgage lenders business volume then the charts in this post should speakRead more

Mortgage Brokers in Ontario – don’t be tricked by renewal numbers

It is license renewal season for Ontario mortgage brokers and agents. This time of the year is also a busy season for the brokers. A lot of home buyers are searching for mortgage as they prepare to move into the new home coming spring and early summer.

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How are the broker lenders doing? CMT explains

Broker lenders market share - Q3 2013

As always CMT published the latest broker lenders market share stats. This chart does not show the mainstream banks or credit unions. It just provides a snapshot of the market share of the lenders who deal with brokers. Only the top tens are shown but there are

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NEXSYS Brokerage Services Discontinued

Since 2008 NEXSYS Financial Inc. has been servicing the Canadian Mortgage Brokerage industry providing underwriting and fulfillment services to mortgage professional across the country.  NEXSYS has decided to discontinue their brokerage channel division in favour of focusing on their lender back office services. Effective immediately, NEXSYS’ Brokerage

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A mortgage brokers own mortgage – not so easy

Mortgage Brokers Own Mortgage

Mortgage agents who negotiate mortgage for the clients often find it challenging to finalize their own deals. Many agents are homeowners and have mortgaged their own home to purchase it. Although they are just like another self-employed person – there are some special challenges they face. Conflict

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Assistant for mortgage agents and brokers – NEXSYS offering Virtual Office Assistant

Most of the times an establishment of mortgage agents or brokers can be defined as a small business. Among those businesses many are just one person show. The sole performer has to perform many tasks by him alone. Like many other small businesses or self-employed persons mortgage

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Weekly Dose of Vitamin – M: Thanksgiving Weekend

The interest rate market remains tight. Plummeting bond yield did not cause enough damage to the rate sheets. Few lenders dropped the rate by few drops but nothing major in sight. Mortgage demand started to show seasonal drop. Number of shoppers have declined. It is time to

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Do you suffer from rate shopping syndrome?

Doing a research on rates and shopping for rates are two different things. A mortgage rate research typically means gathering intelligence on rates offered by various lenders and the associated conditions. The research helps a would-be borrower to understand the pros and cons of different offers and

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Quality not quantity – is more important now

National Bank has decided that it will pay equal attention to broker efficiency alongside business volume. Changes in bonus: It is introducing a change that will increase the existing Efficiency Bonus from next month. Existing Volume Bonus will take a ten basis point cut. National bank has

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What the brokers are thinking about lenders

Mortgage brokers deal with many lenders in their day to day business activities. Some they hold dear to their heart and some are just business partners. CMP runs this survey every year and the results are out. Interesting facts: 21% brokers think commission will go down in

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Lenders are flooded with deals – What is the effect?

This is the closing season. Home buyers who sealed the deal in early summer are now moving in. This season is especially busy as after years of stagnation – mortgage rates are finally moving up. Many potential side-liners have jumped in due to the fear of missing

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I don’t need a Mortgage Broker – Borrowers mindset

Canadians are as usual more concerned about their neighbours’ debt than their own – that is the findings of recent CAAMP survey. More than eighty percent of the people agreed that they are comfortable with their loan to value ratio. To put things into perspective – CMHC

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