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Mortgage Fraud: On the Decline or On the Rise?

Mortgage fraud is a lender’s worst nightmare. Lending is your bread and butter, so you need to be vigilant when it comes to detecting mortgage fraud. Ultimately, your institution will be the one impacted when a fraudulent transaction makes it past your scrutiny. The chances of recuperating money from a fraudulent deal are often slim to none. That’s why it Continue Reading

Where are You Putting Those Valuable Real Estate Marketing Dollars?

When marketing for a regional or even a national lender, making strategic marketing decisions can be challenging. Not only do you have to be on top of the latest and greatest marketing mediums, it is also crucial to consider where to push for more and where to lighten up on your marketing spend. Recently we came across this great article Continue Reading

Ramping Closing Rates 101 – How to Avoid Surprises on Closing Day!

As a lender, the last thing you want to deal with is low closing rates from your brokers or even your lending branches. Closing rates = dollars and cents. One of the biggest costs associated to a lending operation is underwriting. When you have a deal that proceeds into the underwriting process and then falls apart at the 11th hour, Continue Reading

Automated Valuation Models Could Support Fully Digital Deals

As technology has evolved, so too have the abilities of lenders. In the old days, arranging a deal was much more paper-based. Remember the old Basis 100 days? Technology has changed the speed at which a deal can be arranged, making the entire process faster. Cloud-based applications like Expert have created the platform for the digital deal – where most Continue Reading

The Numbers Are In: House Prices Up 2% in July

In July, the national composite rise was significantly driven by a 2.1% increase in the market with the largest aggregate property value: Toronto. While this looks strong given the current context in the GTA, note that a weakening is occurring in the unsmoothed index* for “dwellings other than condos” which is down 1.6%. This abrupt trend reversal in the index Continue Reading

Teranet Announces New Corporate Brand and Website

Teranet, Canada’s leader in the delivery and transformation of statutory registry services with extensive expertise in land and commercial registries, has unveiled its new corporate brand and website. While the Teranet icon – a symbol of the company for more than a quarter of a century – won’t change, Teranet hopes to strengthen the corporate identity with the new tagline Continue Reading

Mortgage Lender News: Impacts of an Interest Rate Increase

After months of speculation and years of an incredibly low interest rate, the Bank of Canada finally announced that the interest rate would increase. With an economy reaching a more stable point, this rate hike is not surprising. Have you, as a lender, felt any impacts yet? Obviously the most likely impact of a rate increase is going to be Continue Reading

Smaller Lenders Can Now Deploy the Same Tools that Banks Have Been Using for Years

Over the last few years, major institutional lenders have become accustomed to relying on technology and conducting more digital-type deals. With major firms, this technology is easy to adopt and cost-effective. However, some smaller institutions have found that implementing such technology has been budget prohibitive when looking at development costs. However, implementing technology that has traditionally been used only by Continue Reading