How did lenders rank in the eyes of Canada's mortgage brokers this year?
The relationship between mortgage brokers and lenders has arguably never been more important – and Canadian Mortgage Professional is once again revealing the results of its annual survey seeking brokers’ views on how the country’s leading lenders are performing.
The Brokers on Lenders 2023 report gave brokers the chance to give their verdict on the service provided by lenders across multiple categories such as broker support, underwriter support, turnaround time, and overall services levels – and the results can now be viewed here.
Canadian Mortgage Professional reached out to brokers across the country, asking them to rate the lenders they work with across 10 key areas. As always, brokers were asked to weigh in on the most important aspects of the broker-lender relationship including how commissions and bonuses might change and why they choose to send deals to banks rather than monoline lenders.
For each category, lenders were ranked in order of merit according to an average score calculated from the ratings they received from brokers. The top three lenders and alternative lenders in each category received a gold, silver, or bronze medal, with lenders’ combined average score from all categories determining the overall medallists.
To find out what Canada’s broker community makes of the lenders it works with, and how the top-performing lenders – including Canadian Mortgages Inc. (CMI) – achieved their exemplary reputations in the eyes of brokers, check out the Brokers on Lenders report now – for free.
