This may be good news for some of you, but one of the more controversial and successful brokers in the channel has decided that he won’t put his name forward for CMP magazine’s Top 75 broker list this year – not because he doesn’t have the numbers, but because it would be like comparing apples to oranges.
This may be good news for some of you, but one of the more controversial and successful brokers in the channel has decided that he won’t put his name forward for CMP magazine’s Top 75 broker list this year – not because he doesn’t have the numbers, but because it would be like comparing apples to oranges.
“We clearly run a different model than other brokers and as a result it could be considered comparing apples to oranges,” says Dan Eisner, the president of True North Mortgage. “We had a very strong 2012 and this may only aggravate other brokers already on the list.”
Eisner took top spot last year with a funded volume of $412.8 million on 1,365 funded deals – head and shoulders above his closest competition, Gord Pipkey of Verico Realmortgage Services who made $239.2 million on 712 deals.
Although Eisner says his model is different from the typical mortgage brokerage, he is quick to point out that he is definitely NOT using typical big bank mortgage specialists.
“To be clear, we don’t have commissioned mortgage specialists as many banks do,” Eisner told MortgageBrokerNews. “All our employees are salaried.”
CMP magazine has been calling for broker submissions for its ranking of Top 75 Brokers by funded volume for 2012. To be eligible, all the figures must be supplied by you, the broker/agent, via electronic survey – and that all deals must have been personally sourced and originated by you.
The deadline for submissions closes June 21. You can click here to learn more.
Sales figures must be broken down by the relevant lender, and should include a contact name and telephone number for each representative of those institutions. CMP reserves the right to contact them and the broker network to confirm figures.
But, the real question is: with Eisner out of the running, who does he think will be this year’s top broker?
“I have no guesses,” he laughs.
