I Love Mortgage Brokering

When/how should you decide to place a client's mortgage with a lender that offers trailer fees?   Ask A Broker is sponsored by: Lendesk Lendesk - the ultimate mortgage CRM for brokers. Lendesk is empowering mortgage brokers and lenders to modernize their business. Sign up for early access to find out more.   I Love Mortgage Brokering: www.ilovemortgagebrokering.com   Find out more about the $25 Million Dollar Blueprint: www.get25million.com   Check out our other podcast, 10 Loans a Month: www.10loansamonth.com

Reza has been working in finance for about 13 years, from branch management to small business, commercial, and personal banking. He finally made the switch over to brokering about 3 years ago working with DLC Citywide.   DLC Citywide Website: https://citywidemortgage.ca   I Love Mortgage Brokering: www.ilovemortgagebrokering.com   Find out more about the $25 Million Dollar Blueprint: www.get25million.com   Check out our other podcast, 10 Loans a Month: www.10loansamonth.com

Questions this episode are... When/how should you fire a difficult/unruly mortgage client? Strategies for filtering mortgage clients before you get serious. What are your non-negotiable fireable offences? Realize also that clients are under large amounts of stress.   Ask A Broker is sponsored by: Lendesk Lendesk - the ultimate mortgage CRM for brokers. Lendesk is empowering mortgage brokers and lenders to modernize their business. Sign up for early access to find out more.   I Love Mortgage Brokering: www.ilovemortgagebrokering.com   Find out more about the $25 Million Dollar Blueprint: www.get25million.com   Check out our other podcast, 10 Loans a Month: www.10loansamonth.com

Adil started as a broker working within the family's large financial planning company. He's a a licensed insurance agent, and that allows him to serve his clients multiple ways.   Adil Mawji's Website: www.simplemortgages.ca   I Love Mortgage Brokering: www.ilovemortgagebrokering.com   Find out more about the $25 Million Dollar Blueprint: www.get25million.com   Check out our other podcast, 10 Loans a Month: www.10loansamonth.com  

Technology Tuesday – we highlight tools or tech that will help your mortgage business run easier, faster, or cheaper. Joe Facciolo is back on ILMB to tell us that Guusto has gotten even better! Joe was previously on "I Love Mortgage Brokering" episode 86, where he introduced Guusto: a gifting platform where you can impress and delight people with easy gifts. You can give a thank-you to a client or partner, or quickly save face with a ‘sorry’.   Bonus for ILMB listeners Joe was nice enough to create a coupon code for ILMB members. Get a $10 credit. Use coupon code: ILMB   Guusto Website: www.guusto.com/business   I Love Mortgage Brokering: www.ilovemortgagebrokering.com   Find out more about the $25 Million Dollar Blueprint: www.get25million.com   Check out our other podcast, 10 Loans a Month: www.10loansamonth.com

An average of 60% of mortgages are broken in an average of 38 months into the mortgage, triggering a penalty of 4.5%. 5-year fixed mortgages as safe? How does a hot market fit into porting a mortgage? Penalties for variable or 2-year fixed are 9x lower than those in a 5-year fixed. Where are rates going, anyway? But what about the lower commission on that 2-year fixed file? Why you should tell your client your commission on the file, regardless of FICOM rules. Are you a broker or an order taker?   Ask A Broker is sponsored by: Lendesk Lendesk - the ultimate mortgage CRM for brokers. Lendesk is empowering mortgage brokers and lenders to modernize their business. Sign up for early access to find out more.   I Love Mortgage Brokering: www.ilovemortgagebrokering.com   Find out more about the $25 Million Dollar Blueprint: www.get25million.com   Check out our other podcast, 10 Loans a Month: www.10loansamonth.com

Ryan got into the mortgage business with help from his brother and found good mentors at The Castle Mortgage Group. Ryan has a passion for coaching and personal fitness. Ryan was a 2010 Winter Olympic torchbearer.   Ryan Anderson's Website: https://ryana.ca   Castle Mortgage Group Website: www.castlemortgagegroup.ca   I Love Mortgage Brokering: www.ilovemortgagebrokering.com   Find out more about the $25 Million Dollar Blueprint: www.get25million.com   Check out our other podcast, 10 Loans a Month: www.10loansamonth.com

You work hard with a lender to get a client pre-approved. The client now wants to find another lender for a lower rate, and/or remove the subjects in a shorter timespan. How do you maintain your lender ratios? How do you avoid wasting your time (and the underwriter’s time)? How do you balance the client’s interests with your lenders’ interests?   Ask A Broker is sponsored by: Lendesk Lendesk – the ultimate mortgage CRM for brokers. Lendesk is empowering mortgage brokers and lenders to modernize their business. Sign up for early access to find out more.   I Love Mortgage Brokering: www.ilovemortgagebrokering.com   Find out more about the $25 Million Dollar Blueprint: www.get25million.com   Check out our other podcast, 10 Loans a Month: www.10loansamonth.com

NOA Today is a new Vancouver startup company. It's a document services company that helps brokers and lenders acquire NOA documents from the Canada Revenue Agency.   I Love Mortgage Brokering: www.ilovemortgagebrokering.com   Find out more about the $25 Million Dollar Blueprint: www.get25million.com   Check out our other podcast, 10 Loans a Month: www.10loansamonth.com

You’re too busy running your business in this hot market. After getting the mortgages written, there is hardly any time left. You might be dabbling in some marketing, but how can you be effective in all the efforts you want to do: paper marketing, email marketing, community client events, etc.? How can a busy solo broker continue their marketing efforts in a busy market? Would you hire into this position, and what’s the ROI for a marketing assistant?   Ask A Broker is sponsored by: Lendesk Lendesk - the ultimate mortgage CRM for brokers. Lendesk is empowering mortgage brokers and lenders to modernize their business. Sign up for early access to find out more.   I Love Mortgage Brokering: www.ilovemortgagebrokering.com   Find out more about the $25 Million Dollar Blueprint: www.get25million.com   Check out our other podcast, 10 Loans a Month: www.10loansamonth.com

Dan started in lending at Accredited Home Lenders (a sub-prime lender), Macquarie Financial, and is now Vice President of BC for TMG. He oversees management of all of TMG's operations in BC. He's an active broker as well as helping TMG brokers from across BC to build their businesses.   Dan Pultr's Website: https://www.mortgagegroup.com   Dan Pultr's E-Mail: dan@mortgagegroup.com   Todoist For Mac: https://todoist.com/downloads/mac   I Love Mortgage Brokering: www.ilovemortgagebrokering.com   Find out more about the $25 Million Dollar Blueprint: www.get25million.com   Check out our other podcast, 10 Loans a Month: www.10loansamonth.com

Questions asked this episode are... How do you handle hot real estate markets where there are multiple subject free offers? How do you prepare your clients for these situations? What tools and advice do you use? What can you tell buyers who want to make an offer that's subject-free? How should sellers react?   Ask A Broker is sponsored by: Lendesk Lendesk - the ultimate mortgage CRM for brokers. Lendesk is empowering mortgage brokers and lenders to modernize their business. Sign up for early access to find out more.   I Love Mortgage Brokering: www.ilovemortgagebrokering.com   Find out more about the $25 Million Dollar Blueprint: www.get25million.com   Check out our other podcast, 10 Loans a Month: www.10loansamonth.com

Joe was born into the mortgage business, and intended on being a sports broadcaster. Today he leads a team in Calgary at Mortgage Connection.   Joe Jacobs' Website: www.mortgageconnection.ca   I Love Mortgage Brokering: www.ilovemortgagebrokering.com   Find out more about the $25 Million Dollar Blueprint: www.get25million.com   Check out our other podcast, 10 Loans a Month: www.10loansamonth.com

Adam moved from his position as a border guard to being a broker after he job-shadowed a broker. He started CL Capital with his partners in Langley.   Adam Coultish's Website: www.clcapital.ca   I Love Mortgage Brokering: www.ilovemortgagebrokering.com   Find out more about the $25 Million Dollar Blueprint: www.get25million.com   Check out our other podcast, 10 Loans a Month: www.10loansamonth.com

David was on "I Love Mortgage Brokering" episode 23, where he shared his secret in doubling his book of business in 1 year. David is back to tell us how the next year has gone. Spoiler alert: his book has doubled again.   David Ford's Website: www.iwanttoown.ca   I Love Mortgage Brokering: www.ilovemortgagebrokering.com   Find out more about the $25 Million Dollar Blueprint: www.get25million.com   Check out our other podcast, 10 Loans a Month: www.10loansamonth.com

Rayna got into the mortgage business thanks to a friend who thought she'd be great. She got through her first few years by working with her mentor. Rayna is moving into a new market; she's moving from Edmonton to Vancouver and needs to build her book up in her new community. She explains how she prepared to make the move, and have solid contacts, and have the wheels already turning when she lands in her new community.   Rayna Boychuk's Website: www.raynaboychuk.ca   Rayna Boychuk's E-Mail: raynab@dominionlending.ca   I Love Mortgage Brokering: www.ilovemortgagebrokering.com   Find out more about the $25 Million Dollar Blueprint: www.get25million.com   Check out our other podcast, 10 Loans a Month: www.10loansamonth.com

100 Brokers Who Care is a new organization of mortgage brokers who work together to make a difference in their regions. This organization helps brokers give back to their community on a regular basis. Each region has a membership of 100 brokers who pool their contributions and put forward candidates for donation.   Hear Jackson Middleton and Sabeena Bubber describe how the process works, and how you can directly help decide which cause/charity/family in your region can be helped each quarter.   100 Brokers Who Care Website: https://100brokers.org   I Love Mortgage Brokering: www.ilovemortgagebrokering.com   Find out more about the $25 Million Dollar Blueprint: www.get25million.com   Check out our other podcast, 10 Loans a Month: www.10loansamonth.com

What secret did Eddy use to grow from a front-line bank teller to President of The Mortgage Centre? Eddy started as a bank teller at Canada Trust, and moved over to CIBC as a mortgage specialist in 1996. He saw all kinds of roles and responsibilities at CMHC, a few private companies, Mortgage Agent with Assured in house at a Sutton Group, helped GE Money launch in Canada, back to CIBC, and became the President of Mortgage Centre Canada in 2009.   Eddy Cocciollo's Website: www.mortgagecentre.com   I Love Mortgage Brokering: www.ilovemortgagebrokering.com   Find out more about the $25 Million Dollar Blueprint: www.get25million.com   Check out our other podcast, 10 Loans a Month: www.10loansamonth.com

Kerri started at CIBC, moved to Home Loans Canada, and then co-founded Premiere Mortgage Centre with some colleagues from HLC - Don and Dave MacVicar. Kerri recently won the 2015 CAAMP Mentor of the Year award. Kerri is focused on managing and mentoring 44 agents in Ontario at Premiere, and building the business.    Kerri Reed's Website: www.choosepremiere.com   I Love Mortgage Brokering: www.ilovemortgagebrokering.com   Find out more about the $25 Million Dollar Blueprint: www.get25million.com   Check out our other podcast, 10 Loans a Month: www.10loansamonth.com

Bud started as a broker with The Mortgage Centre. He met Lori Emde, and transitioned to TMG. Bud is on the provincial board at Mortgage Professionals Canada in Sask. He's now the Vice President at TMG in the Prairie region, and is providing leadership and mentorship to brokers and owners in the Prairies.   Bud Jorgenson's Website: https://jointmg.com/contactpraries.asp   I Love Mortgage Brokering: www.ilovemortgagebrokering.com   Find out more about the $25 Million Dollar Blueprint: www.get25million.com   Check out our other podcast, 10 Loans a Month: www.10loansamonth.com