Articles
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1 week ago |
mortgagelogic.news | Robert McLister
Brokers prefer to get paid full commission on every deal, but it doesn't always work that way. Sometimes, even those who’d rather wrestle an alligator than offer a buydown end up shaving their pay or kissing a deal goodbye. That brings us to a recent case where a broker lost a deal after being undercut by a TD rep. It was publicized in a private industry forum, with some swearing it proved TD’s got a vendetta against brokers.
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1 week ago |
mortgagelogic.news | Robert McLister
CIBC has quietly pulled the plug on the mortgage origination business at its digital banking arm, Simplii Financial. The move took effect June 19. You don't have access to this post on MortgageLogic.news at the moment, but if you upgrade your account you'll be able to see the whole thing, as well as all the other posts in the archive! Subscribing only takes a few seconds and will give you immediate access. This post is for MLN Pro subscribers only
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1 week ago |
mortgagelogic.news | Robert McLister
As your devoted chronicler has reported for weeks, fewer borrowers are biting on variables. According to the latest official numbers for chartered banks, floating-rate market share fell in April from 43% to 40%. And it should drop again in May.
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1 week ago |
mortgagelogic.news | Robert McLister
Fed Holds Its Key Rate at 4.375% You don't have access to this post on MortgageLogic.news at the moment, but if you upgrade your account you'll be able to see the whole thing, as well as all the other posts in the archive! Subscribing only takes a few seconds and will give you immediate access.
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1 week ago |
mortgagelogic.news | Robert McLister
If you're a successful mortgage originator, you may be considering hiring help to call clients or manage inquiries. Or, you could skip the resumes, interviews, HR paperwork and salary, and adopt someone like Elizabeth. Elizabeth is less hire and more wire. She's a clever, affable bot with a voice so human you’d swear she’s got a coffee mug and a desk, not a server rack.
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