About Me

My photo
GTA, Ontario, Canada
A New Sales Record Has Been Achieved By The Jackie Goodlet Team Who Work Out Of The Whitby Office And Specializes In High End Resale And New Home Sales. According To Broker Dave Pearce The Jackie Goodlet Team Wrote More Transactions Than Anyone Else In The 30 Year History Of Our Firm. Their 255 Transactions Had A Total Volume Of More Than $185,000,000 (185 Million). With Over 25 Years Experience In The Business The Jackie Goodlet Team Has Acquired A Wealth Of Knowledge In All Areas Of Real Estate Including Resale, New Builds, Cottages, Lease, Condos, Vacant Land, Investment And Commercial Properties. With Exceptional Negotiating Skills We Are Confident We Can Save You Time And Money On All Your Real Estate Endeavours. We Look Forward To Hearing From You And Your Referrals Are Always Welcome And Rewarded!

Friday, September 18, 2015

Lenders discuss new products at DLC conference

It may be raining in Whistler, but brokers attending the Dominion Lending Centres National Sales Conference didn’t let that dampen their spirits at a tradeshow where Caesars flowed as well as product news from major lenders.

CMLS

CMLS has launched Aveo, a product that is targeted at clients who have recently experienced a major life-changing event such as shifting from employed to self-employed, a credit status hit, a divorce or a recent move to Canada.

It’s a non-prime program for those with a minimum Beacon score of 550 and is currently only available in Ontario. However, Vince Agozzino, national manager of business development for residential mortgages, told MortgageBrokerNews.ca the lender has plans for an extended rollout.

Optimum Mortgage

Optimum has recently re-launched Opti-85 – a mortgage product that goes to 85% loan to value – across the country. It is for clients with a Beacon score of at least 580, according to Rejean Roberge, senior manager of marketing for Optimum Mortgage.

Manulife

Manulife Financial attended the event and spoke to MortgageBrokerNews.ca about its recently launched MPP term, a term insurance product.

Brokers who want the product for their clients simply tick a box on Expert.

“It’s as easy as a checkmark and it’s a great opportunity for clients to be protected,” Kyra Wong, national sales director for Manulife Financial, told MortgageBrokerNews.ca. “If they sign up for it the client gets 30 days free.”

Peoples Trust

The B.C.-based lender recently launched a new, short-term, B-product that allows up to 70% loan-to-value for clients with a Beacon score of 520 and up.

It’s a fully open mortgage at a rate of 4.35% and the lender doesn’t charge a fee. Though Peoples Trust will a charge a fee on behalf of the broker if the broker so chooses, according to Brea Watson, business development manager for Peoples Trust.

Fisgard

Fisgard previously only offered lending in British Columbia and Alberta. However, it now operates from B.C to Ontario, as of a month-and-a-half ago, according to Hali Strandlund, SVP of residential mortgage investments and broker relations.

“What separates us is on our residential products we don’t charge lender fees,” Strandlund said. “We’re offering full-spectrum lending and aim to be that C-plus lender in the marketplace.”

Merix

Merix recently launched Explore for its Lendwise brand – a mortgage broker portal for brokers to track their status with files – it’s something that had been available through the Merix brand for years.

MBN

We hope you are finding our Blog informative and enjoyable to read while keeping you up to date with the ever changing real estate market.

Please feel free to contact me via Direct/Text or e-mail at any time and my team will be pleased to assist you, family members and friends with all your real estate needs. Referrals are always welcome!

Posted by at

No comments:

Post a Comment

Subscribe to: Post Comments (Atom)