Education for Mortgage Brokers

  • December 11, 2020

    Magenta Answers Broker Questions About B20

    Brokers

    The new B20 guidelines are set to come into effect on January 1, 2018.  It is essential for Mortgage Brokers to understand lenders and their niches, and what impact these changes will have.  Accordingly, we have compiled Brokers’ most commonly-asked questions to help you understand Magenta’s lending posture. Will borrowers

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  • November 29, 2020

    Top 4 Tips for Mortgage Brokers to Effectively Package Deals

    Brokers

    You create solutions for your clients by addressing their unique circumstances. The process of packaging the deal is ultimately communicating your client’s story and the proposed solution to the lender. By remembering these four tips, you will be able to package deals effectively: Tip #1: Understand your client to provide strong lender

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  • July 11, 2020

    Getting to ‘File Complete’: Using Checklists to Complete the Package

    Brokers

    One of the most useful tools to help complete a file, is a good old-fashioned checklist. Checklists are easy to create, easy to use, can be implemented at any stage of a file, and are one of the simplest ways to make sure you get to ‘File Complete’ with the

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  • June 6, 2020

    What to Expect During the Mortgage Renewal Process

    Borrowers

    The maturity date of your mortgage is fast approaching. The maturity of your mortgage gives you an opportunity to review your financial situation and make some decisions based on your financial goals and current situation. If you discussed an exit strategy with your mortgage broker, you may be preparing to refinance

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  • May 31, 2020

    Packaging Your Deal: Top 5 Things to Include in Your Submission

    Brokers

    Crafting a mortgage file for submission is an art, but did you know that your submission notes can be one of the most important parts of your deal? Thorough broker notes can lead to speedier approvals and a smoother underwriting process. Here are the top 5 things you should always

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  • May 23, 2020

    Importance of the Exit Strategy: Formulating a Plan for Refinancing

    Brokers

    The day-to-day life at a mortgage brokerage can be fast paced at the best of times. Once a last-minute purchase or urgent refinance is added to that mix, the pace can threaten to become hectic. Oftentimes, it is tempting in these situations to close that last-minute mortgage without fully mapping

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