CMLS Financial + MORE Apr 16th

As Canadians stir from their winter slumber and the housing market heats up, spring home buyers are weighing their mortgage financing options.
More than half (57 per cent) of Canadians say they’d choose a fixed rate if they were to acquire or renew their mortgage today, according to a poll by CIBC. It’s a boost on fixed-rate accolades from 48 per cent in 2014 and 39 per cent in 2011.
Bargain Mortgage Season
It’s no wonder consumers see the value in locking in: fixed-rate mortgage products have been heavily discounted so far this spring. TD and BMO kicked things off among the larger lenders by slashing their 5-year fixed options to 2.79 per cent in mid March (TD has since dropped to 2.74), the lowest posted rate among federally regulated lenders. And of course, smaller lenders have been ultra competitive; many are offering options in the 2.45 – 2.50 range today.
“Homeowners have a rare chance to lock in at historically low rates,” says Barry Gollom, vice president of CIBC, in a release showcasing the survey results…

Company: CMLS Financial Position: Sales Administrator, Residential Mortgages Location: Toronto, ON Sales Administrator, Residential Mortgages Years of Experience Required: 2+ Are licenses or registrations required? No How should candidates contact you? Candidates can apply to careers@cmls.ca   Our Opportunity for You:  The Sales Administrator is an integral part of the Residential Business Development team and reports directly to the SVP, Business Development. In this role, you will have several key functional task assignments and a high degree of interaction with internal and external stakeholders. Stakeholders include: Regional Sales Managers, Mortgage Brokers, CMLS division leaders, CMLS Residential Servicing and Underwriting teams, READ MORE

Company: Equitable Bank Position: Team Leader, Residential Prime Mortgage Underwriter Location: Toronto, ON Team Leader, Residential Prime Mortgage Underwriting Department: Single Family Residential Mortgage Department Reports to: Manager, Residential Prime Mortgage Underwriting Location: Toronto Resumes should be sent to careers@eqbank.ca Equitable Bank is a federally regulated Schedule I bank with total assets under management of approximately $14.4 billion, over 400 skilled employees and proven capabilities in lending and deposit-taking. The Company’s integrated operations are organized according to specialty including core lending, securitization and deposit services.   Why Equitable Bank? If you’re looking for a workplace where employees are passionate about READ MORE

Company: Merix Financial Position: Director, Business Development – Outside Sales Location: Vancouver, B.C. Director, Business Development – Outside Sales Challenging, Impactful, Rewarding WHO WE ARE: Merix Financial Inc. is an intermediary between mortgage wholesalers and mortgage originators, providing superior sales and service operations.  By way of its agency relationship with wholesalers, Merix is responsible for originating mortgage volumes via independent mortgage originators, such as mortgage brokers.  Merix Financial is a national company with its head office located in Toronto, ON, Canada.   MERIX CULTURE: Merix is committed to open and honest communication with our staff.  We believe by being transparent, truthful READ MORE

No rate cut surprises to report today. Canada’s key lending rate “remains appropriate,” said the Bank of Canada this morning. That’ll keep prime rate at 2.85% for now. The BoC’s economic commentary today was both grim and hopeful. The economy “stalled” in the first quarter, it admitted—thanks in part to the “oil-price shock.” Looking further down the road, however, we got more of the same brand of optimism we’ve come to expect from the Bank—i.e., that the economy will get back to “full capacity” in a few years or less. In the meantime, the Bank says our cheapened loonie and READ MORE