I have been a mortgage associate in Calgary with Concord Mortgage Group Ltd. for approximately 4.5 years. In my experience I have found the industry to be a good one. One misconception about the industry, though, is that mortgage brokers in calgary are competing with each other. This is FALSE! Mortgage brokers are all part of a team – and we should act as such. When a potential client calls and tells me that another mortgage broker has offered them an interest rate – I will quote my best rate – and if I can’t beat it, then I leave it at that. BUT – if another broker has an approval from a lender (and it is a competitive one) I think we should give the client the option of who they deal with. If I can only beat the approved rate by a few point I will tell the clients that the other broker has done a lot of work for them and, if they want, I can work for them; however, a few points isn’t that much and I’d almost prefer it if they kept their other broker. The main reason behind this school of thought is simply that we (mortgage brokers) all have families and/or financial obligations – when 2 or more brokers work on a file, only one gets paid and the rest have just worked for free (and with no thanks).
It is with this respect to the industry that I make this salute to Calgary mortgage brokers. I recently had a friend leave the mortgage industry. And I can’t blame him, after sleepless nights, not making any money during the recession, and the stress that goes along with this job – I don’t blame anyone for considering different employment. Anyway, here is my salute to those who have fought the good fight, regardless of if they are still doing mortgages or not.
All the best!
Related article: Should I pay mortgage broker fees?
Trevor Hickey, B.A.
Mortgage Associate
Concord Mortgage Group Ltd.
#107 – 1905 Centre Street NW
Calgary, Alberta
T2E 2S7
Bus: (403) 290-1990
Cell: (403) 860-8738
Fax: 1-888-587-1426
Email: trevor@concordmortgage.ca
Website: www.mortgagebrokercalgary.info
Popularity: 1% [?]
Comments
There are no comments for this post.
Write a Comment