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AWARD-WINNING MORTGAGE PRODUCTS Brokers Choose B2B Bank Mortgage Products As Their Preferred Choice for Homebuyers SPECIAL REPORT
ALTERNATIVE LENDING RENAISSANCE What brokers need to know as more consumers opt to bypass the banks STAMPING OUT HARASSMENT MORTGAGEBROKERNEWS.CA How the mortgage industry can ISSUE 16.08 tackle a pervasive culture problem COMMERCIAL KNOW-HOW The rewards of mastering the commercial lending sector 2021 AWARD-WINNING MORTGAGE PRODUCTS Brokers choose B2B Bank mortgage products as their preferred choice for homebuyers SPECIAL REPORT 2021 MORTGAGE PRODUCTS CONTENTS PAGE CMP turned to brokers to find Feature article .............................................. 20 out which Canadian mortgage Methodology ................................................ 21 products are best in class 5-Star Award winners .................................. 24 Profiles .......................................................... 26 www.mpamag.com/ca 19 CMP 5-Star Mortgage Products_SUBBED.indd 19 10/08/2021 4:24:25 am SPECIALBUSINESS REPORT STRATEGY 5-STAR AWARDS: MORTGAGE PRODUCTS THE COMPLETE PACKAGE FOR LENDERS and brokers alike, there are few more critical aspects of the industry “When brokers think beyond the than the mortgage products themselves. mortgage and find low-cost flexibility They’re a defining factor in how mort- gage professionals successfully present for all the client’s debt, they are themselves to borrowers, and as mortgage seekers ponder their financing options, reducing financial stress and a range of considerations come into play, including quality of customer service, turn- building long-term client loyalty, around time and variety. In an effort to identify the lenders whose as well as referrals” products best match the needs of brokers Mario Cloutier, Manulife Bank and their customers, CMP conducted a wide-ranging survey, asking brokers for their WHAT’S MOST IMPORTANT TO BROKERS AND THEIR CLIENTS opinions on some of the lenders and prod- WHEN CHOOSING A MORTGAGE PRODUCT? ucts they had used over the course of the previous year. -
(2019). Bank X, the New Banks
BANK X The New New Banks Citi GPS: Global Perspectives & Solutions March 2019 Citi is one of the world’s largest financial institutions, operating in all major established and emerging markets. Across these world markets, our employees conduct an ongoing multi-disciplinary conversation – accessing information, analyzing data, developing insights, and formulating advice. As our premier thought leadership product, Citi GPS is designed to help our readers navigate the global economy’s most demanding challenges and to anticipate future themes and trends in a fast-changing and interconnected world. Citi GPS accesses the best elements of our global conversation and harvests the thought leadership of a wide range of senior professionals across our firm. This is not a research report and does not constitute advice on investments or a solicitations to buy or sell any financial instruments. For more information on Citi GPS, please visit our website at www.citi.com/citigps. Citi Authors Ronit Ghose, CFA Kaiwan Master Rahul Bajaj, CFA Global Head of Banks Global Banks Team GCC Banks Research Research +44-20-7986-4028 +44-20-7986-0241 +966-112246450 [email protected] [email protected] [email protected] Charles Russell Robert P Kong, CFA Yafei Tian, CFA South Africa Banks Asia Banks, Specialty Finance Hong Kong & Taiwan Banks Research & Insurance Research & Insurance Research +27-11-944-0814 +65-6657-1165 +852-2501-2743 [email protected] [email protected] [email protected] Judy Zhang China Banks & Brokers Research +852-2501-2798 -
Past Attendee List
Oct 14-15, 2020 | Toronto, ON Past Attendee List CustomerExperienceCanada.com Takes place in Toronto on October 14-15, 2020. It provides Customer Experience executives with innovative approaches to improving their bottom line with an enhanced and cutting-edge customer experience strategy. Join us at the 9th annual edition of this exclusive event to generate high quality leads that will drive your sales pipeline. Your attending field sales team will have one on one interactions with senior buyers, who are expected to spend $50mm+ on customer experience solutions over the next 12 months. Industry leaders speaking at the event include Sherif Mityas, Chief Experience Officer of TGI Fridays, Roy Ben-Alta, Head of Global Data & Analytics Practice at Amazon Web Services, Daniel Kerzner, VP Customer Experience from Virgin Atlantic and more. Agenda themes: • CX- From Average to Exceptional • Measuring CX Effectiveness • Big Data and CX • Voice of the Customer • Voice of the Employee • Customer Emotions • CX Improvement & Innovation Interested in generating leads from the buyers attending the event, to build your sales pipeline? CustomerExperienceCanada.com 2 contact: [email protected] • 416-944-9200 x 241 Who You Can Meet... Chief/VP/Director of Finance Chief / VP / Director Marketing Customer Experience Government & Utilities Crown Corps 21% 18% 23% 33% Retail Industry Stakeholders 12% Titles 7% Industries 16% VP/Director/ 7% Hospitality & Food Head Customer 10% 8% Service, Utilities 7% Other 9% 13% Customer Care 8% 9% Transportation -
Past Attendee List
April 20 - April 21, 2021 Past Attendee List CXFinancialServices.com Interested In Sponsoring? contact: [email protected] • 1-866-298-9343 x 241 The Customer Experience for Financial Services Summit is North America’s only Financial Services event exclusively dedicated to Customer Experience. This specialized summit will take place virtually on April 20th - 21st, 2021. Generate exclusive high-quality leads and build lasting relationships that will drive your 2021 sales pipeline. Our community of Customer Experience professionals represent an untapped market that is actively looking to invest in innovative solutions now. Our carefully curated roster of industry-leading speakers includes; Cindy Jeffrey, Vice President of Customer Experience Canada at Manulife, Katherine Lucas, Global Head of Client Experience at State Street, Arnaud Jammaers, Vice President, User Experience Digital Solutions at MASTERCARD and many more. Agenda themes: • CX- From Average to Exceptional • Measuring CX Effectiveness • Big Data and CX • Voice of the Customer • Voice of the Employee • Customer Emotions • CX Improvement & Innovation Interested In Sponsoring? contact: [email protected] • 1-866-298-9343 x 241 CXFinancialServices.com 2 Who You Can Meet... Audience Breakdown Invesment/Wealth Chief/VP/Director of Management Chief / VP / Director Marketing Customer Experience 21% 28% Banks, Insurance Credit Unions 33% & Credit Cards Titles Audience 32% 16% 5% VP/Director/ Other Industry Head Customer Stakeholders 8% Service, 19% Other 13% Customer -
Gicrates.Pdf
GIC Rates / Taux de rendement annuel des CPG - 9/24/2021 Short Term Fixed GICs 90 Day 180 Day 270 Day Royal Bank of Canada Short-Term 0.15% 0.25% 0.25% Cashable GICs 30 Day 1 Year Cashable GICs Royal Bank of Canada Cashable 0.10% RBMC Cashable 0.10% Fixed 1Y - 5Y Term GICs 1 Year 2 Year 3 Year 4 Year 5 Year Royal Bank of Canada 0.40% 0.81% 1.08% 1.31% 1.37% Royal Bank Mortgage Corp. 0.40% 0.81% 1.08% 1.31% 1.37% Royal Trust Company 0.41% 0.79% 1.06% 1.31% 1.36% Royal Trust Corporation 0.40% 0.81% 1.08% 1.31% 1.37% Bank of Montreal 0.25% 0.81% 1.08% 1.31% 1.37% Bank of Montreal Mortgage Corp 0.25% 0.81% 1.08% 1.31% 1.37% Bank of Nova Scotia 0.40% 0.80% 1.07% 1.31% 1.36% B2B Bank 0.75% 1.05% 1.45% 1.55% 1.65% Canadian Tire Bank 0.25% 0.50% 0.60% 0.70% 1.65% Canadian Western Bank 0.88% 0.95% 1.60% 1.61% 1.62% Canadian Western Trust 0.88% 0.95% 1.60% 1.61% 1.62% Duo Bank 0.30% 0.60% 1.60% 1.73% 2.00% Effort Trust 0.60% 1.35% 0.70% 0.70% 0.70% Equitable Bank 0.91% 1.36% 1.60% 1.71% 2.00% General Bank of Canada 0.40% 0.75% 1.01% 1.27% 1.32% HSBC Bank 0.45% 0.70% 0.90% 1.10% 1.30% HomeEquity Bank 0.75% 1.35% 1.58% 1.72% 2.00% Home Trust Company 0.89% 1.38% 1.59% 1.71% 2.00% ICICI Bank 0.70% 1.20% 1.60% 1.70% 2.00% KEB Hana Bank Canada 0.46% 0.60% 0.65% 0.70% 1.34% Laurentian Bank 0.75% 1.05% 1.45% 1.55% 1.65% LBC Trust 0.75% 1.05% 1.45% 1.55% 1.65% Manulife Bank 0.45% 0.85% 1.15% 1.40% 1.60% Manulife Trust 0.45% 0.85% 1.15% 1.40% 1.60% Montreal Trust 0.40% 0.80% 1.07% 1.31% 1.36% NATCAN Trust Co (NBC) 0.40% 0.79% 1.06% 1.27% 1.36% National Bank of Canada 0.40% 0.79% 1.06% 1.27% 1.36% VersaBank 0.70% 0.95% 1.45% 1.55% 1.65% People's Trust 0.71% 1.02% 1.14% 1.29% 1.44% SBI Canada Bank 0.61% 0.86% 1.10% 1.42% 1.66% VANCITY Credit Union 0.70% 0.95% 0.95% 1.05% 1.10% HIGHEST 0.91% 1.38% 1.60% 1.73% 2.00% LOWEST 0.25% 0.50% 0.60% 0.70% 0.70% AVERAGE 0.55% 0.91% 1.19% 1.36% 1.52% Rates as of 9/24/2021. -
Company Overview
August 18, 2018 Shuyuan Chen, AEO Engineering 2021 Banking & Personal Finance| London, ON | Founded: 1979 | Employees: 167 | https://www.versabank.com/ PHONE: 1 519-645-1919 WIKIPEDIA: https://en.wikipedia.org/wiki/VersaBank BLOOMBERG: https://www.bloomberg.com/research/stocks/private/snapshot.asp?privcapId=6571807 LINKEDIN: https://www.linkedin.com/company/pacific-&-western-bank-of-canada/ COMPANY OVERVIEW VersaBank is a technology-focused digital Canadian Schedule I chartered bank based in London, Ontario that operates using an “electronic branchless” model. VersaBank sources deposits, consumer loans, commercial loans and leases through an electronic network. The bank provides residential and commercial mortgages that it sources directly and through a network of brokers. SENIOR MANAGEMENT David Taylor: Founder, President and CEO (1993-Present). Previously: Founder and CEO, Discovery Air (2004-2008); Vice President, Barclays (1985-1993); Senior Account Manager, Bank of Montreal (1977-1985). Education: BSc Biology (1977), Lakehead University; MBA, Finance (1983), University of Saskatchewan. Shawn Clarke: SVP and COO (2013-Present). Previously: Chief Risk Officer, Pacific & Western Bank of Canada (2010- 2012); Vice President, Corporate Development, Pacific & Western Bank of Canada (2009-2012); Chief Operating Officer, Discovery Air (2005-2009); Professional Pilot (2001-2004); Senior Research Engineer, McMaster University (1999-2001); Engineering Project Leader, Siemens Canada (1997-1999). Education: B.Eng., M.Eng., Mechanical Engineering, McMaster University; MBA, Wilfrid Laurier University. Nick Kristo: SVP, Credit Risk and Chief Risk Officer (2004-Present). Previously: Assistant Vice President, Credit, Bank of America Global Vendor Finance (2000-2004); Senior Manager Credit, Dell Financial Services (1998-2000). Education: BCom, MBA, University of Windsor. HISTORY After working at BMO and Barclays, David Taylor saw an opportunity for a niche bank in Canada for underserved smaller markets. -
Management Information Circular
C MANAGEMENT INFORMATION CIRCULAR Notice of Annual Meeting of Shareholders and Management Information Circular May 15, 2020 Your vote is important. This document tells you who can vote, what you will be voting on and how to vote. Dear Shareholder, On behalf of the Board of Directors, management and employees of Equitable Group Inc. (Equitable), we are pleased to invite you to participate in Equitable’s annual meeting of shareholders which will take place on Friday, May 15, 2020 at 10:00 a.m. (Eastern) in a virtual-only format. As part of our corporate social responsibility and our preparedness plans in response to Covid-19, we believe holding a virtual meeting is in the best interests of all stakeholders. As a shareholder, you have the right to participate in and vote your shares at the meeting. At the meeting, we will review our financial position, business operations and the value we are delivering to shareholders. We also look forward to responding to your questions, which the virtual meeting will allow. The Board’s goal remains to deliver long-term value for Equitable’s shareholders and fulfill our responsibilities to our broader group of stakeholders. We pay particular attention to long-term strategy and value creation, risk oversight, governance practices, and management succession – areas we see as fundamental to Equitable’s sustainability and future success. Our intention is to continue investing for long-term advantage and value creation despite current market conditions. The attached management information circular provides information about the business of the meeting, the voting process, this year’s director nominees, our corporate governance practices, our approach to executive compensation, and our 2019 compensation decisions. -
Canadian Banks – Commercial / Corporate Lending Slowing, RESL Accelerating
Canadian Banks – Commercial / corporate lending slowing, RESL accelerating... EQUITY RESEARCH | AUGUST 18, 2020 For Required Non-U.S. Analyst and Conflicts Disclosures, please see page 42. Disseminated: August 18, 2020 21:20ET; Produced: August 18, 2020 21:20ET Canadian Banks – OSFI data update (June 2020) Canadian Banks – Commercial / corporate lending slowing, RESL accelerating RBC Dominion Securities Inc. RBC Elements predicts that Canada P&C loan growth could come in at 4.7% YoY in Q3/20 Darko Mihelic, CFA (vs. 5.0% YoY last quarter), modestly better than the 4.5% YoY growth currently assumed (Analyst) in our models. The largest variance between RBC Elements’ predictions and our forecasts is (416) 842-4128 at BMO and BNS. Elements predicts Canada P&C loan growth of 6.8% YoY for BMO (higher [email protected] than our forecast growth of 6.2% YoY) and 6.0% YoY for BNS (higher than our forecast growth of 5.5% YoY).E1 Sanly Li, CPA, CA (Senior Associate) In this note, we also provide updated trends on key loan and deposit figures using OSFI’s (416) 842-5638 balance sheet data for the month of June, which was released on August 18. In addition to [email protected] our tables of the latest figures and quarter-to-date trends, we provide graphs of longer- term trends by bank. A few interesting takeaways: All values in CAD, unless otherwise noted. 1. Business and government loan balances as of June declined compared to April. We Priced as of market close, August 18, 2020 ET. -
Td Chequing Account Offer
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Mortgage Pre - Approval Requirements
MORTGAGE PRE - APPROVAL REQUIREMENTS In order to complete the Agreement of Purchase and Sale, all purchasers must provide a valid mortgage pre-approval. We ask that purchasers obtain a mortgage letter from one of the Schedule “I” Banks in Canada within 10 days from signing. A list of Schedule “I” Banks is attached. All mortgage pre-approvals must be on the financial institution’s letterhead, have the mortgage representative’s signature and contain the following information: Option 1 - 21% or 36% Deposit Pre-Approval (Preferred) 1. Building/Address: 11 Yorkville Condos / 11-25 Yorkville Avenue Suite No. (e.g. Suite 5502) Unit No. (e.g. Unit 02) Level no. (e.g. Level 55) 2. Purchaser(s) Name PLEASE NOTE: The name(s) on the Agreement of Purchase and Sale MUST be the same on the mortgage pre-approval.) 3. Total Purchase Price (e.g. $500,900) must include Parking and Locker if applicable 4. Mortgage Pre-Approval Amount (e.g. $395,711) PLEASE NOTE: Your mortgage pre-approval amount and your deposit MUST add up to the purchase price of the unit. e.g. $395,711 (Mortgage Amt) + $105,189 (total deposit) = $500,900 (Total Purchase Price) 5. Tentative Occupancy Date: September 2024. The pre-approval must be dated and current. 6. Contact name and phone number of Mortgage Representative at financial institution issuing the mortgage pre-approval. 7. If pre-approval is issued by a third-party mortgage lender, their license # (e.g. #M10000) must be stated in the letter. In addition, the lender institution (e.g. RBC) must be referenced. -
Contact List for Matters Involving Mortgage Discharges
CBA Contact List for Matters Involving Mortgage Discharges Bank Contact Information Bank of Montreal All inquiries: Contact the office that provided the payout documentation Escalation only: For all provinces except Quebec: [email protected] Quebec: [email protected] CIBC All inquiries: Collateral Charges (CIBC brand): Contact the local branch of account Conventional Charges (CIBC brand): Mortgage Call Centre: 1-888-264-6843 Simplii Financial Mortgages: Mortgage Call Centre: 1-888-866-0866 option 3 FirstLine Mortgages: Mortgage Call Centre: 1-800-970-0700 President’s Choice Financial Mortgages registered to CIBC or CIBC Mortgages Inc: 1-888-866-0866 option 3 Escalation only: [email protected] Secondary: Lou Silva Senior Manager, Retail Mortgage Operations [email protected] Canadian Western All inquiries: Bank Contact the office that provided the payout documentation Escalation only: Lucia Bermedo 780-423-9732 [email protected] Equitable Bank All inquiries: [email protected] Escalation only: Becky Leibold Director, Mortgage Services [email protected] Bank Contact Information Home Capital / Home All Inquiries: Trust / Home Bank Home Bank Service Centre 1-855-270-3630 Escalation Only: Miki Asano VP Customer Experience [email protected] HSBC All inquiries: Contact the office that provided the payout documentation Escalation only: HSBC Bank Canada; HSBC Trust Company (Canada): June Yao Assistant Manager, Unit Operations Secured Lending West (Maintenance/Security) [email protected] [email protected] Secondary: Ruby Callahan Senior Operations Specialist Secured Lending West [email protected] HSBC Finance Mortgages; Household Realty Corporation Limited Liliana Terriaca [email protected] Laurentian Bank of All inquiries: Canada LBC Branches: Mortgage Loans Administration Fax: 514-284-4659 or 1-877-355-0055 For B2B Bank Munish Bhalla Senior Manager, Administration Lending Operations LBC Tech 199 Bay St. -
Past Attendee List 2021
March 23 - 24, 2021 | Online Edition Past Attendee List 2021 DigitalTalentaAquisition.com Interested In Sponsoring? contact: [email protected] • 1-866 298-9343 x 272 DigitalTalentAcquisition.com 1 Takes place on March 23 - 24, 2021. It provides HR executives with practical approaches to improving their Talent Acquisition with the very latest digital techniques. Join us at this exclusive event to generate high quality leads that will drive your sales pipeline. Your attending field sales team will have one-on-one interactions with senior buyers who are expected to spend a big amount on HR solutions over the next 12 months. Industry leaders at last years event include: Vice President, Talent Acquisition, Engagement & Retention Research, Deloitte Consulting LLP, Chief HR Officer,Government of New Brunswick, Director of Talent Acquisition, RBC, Vice President, Recruitment and Employment Brand, Rogers Communications, Director – Talent Acquisition, Ontario Public Service Agenda themes: • AI and virtual reality • Social media platforms • Mobile recruiting • Gamification strategies • Employer branding • Big Data and analytics Interested In Sponsoring? contact: [email protected] • 1-866 298-9343 x 272 DigitalTalentAcquisition.com 2 Who You Can Meet... Other Other Healthcare Financial Services 7% 11% 8% 24% People Operations 8% Manufacturing 12% Talent Acquisition Audience 12% Titles 47% Retail Employee 14% 19% Engagement Public Sector 22% 16% CEO / CHRO and VP of HR Pharmaceuticals Past Attendees include: Interested In Sponsoring? contact: [email protected] • 1-866 298-9343 x 272 DigitalTalentAcquisition.com 3 Past Attendee List A-Z Company - Title - Industry Abbott Laboratories, Divisional VP, Global Talent Acquisition, Hospital & Health Care Abbott Laboratories, Senior Manager, Talent Acquisition Operations & Digital Platforms, Hospital & Health Care Abbott Laboratories, Architect / Manager Applications Development, Hospital & Health Care Abbott Laboratories, Sr.