AMERICAN MORTGAGE BROKERS HAVE NEGATIVE IMPACT ON CANADIAN COUNTERPARTS

Mortgage Brokers Given A Voice: Survey Finds That Negative Reports about American Mortgage Brokers Has a Harmful Impact on Canadian Mortgage Brokers

TORONTO, Jan. 26 /CNW/ - Canada's mortgage brokers are voicing concerns that negative press in the United States is hurting their business, and their reputations.  The findings are a result of a survey of over 500 Canadian mortgage brokers conducted by the Real Estate and Mortgage Institute of Canada Inc. (REMIC)

According to REMIC President Joseph White, Canadian mortgage brokers feel that they are being inaccurately tarnished by their American counterparts.

"Canadians have been inundated with stories of how mortgage brokers in the United States, due to questionable business practices, contributed to the American mortgage meltdown," White said.  "Canadian mortgage brokers typically employ sound business practices, are highly regulated and ongoing surveys show that their customers exhibit high levels of customer satisfaction, a far different experience than what has been reported in the United States."

"The survey further indicates that Canadian brokers want to see a more accurate reflection in Canadian media of the uniquely Canadian experience," White concludes, "a reflection that has been overshadowed by the negative reports about their American counterparts."

The Real Estate and Mortgage Institute of Canada Inc. was founded in 2008 and provides education, training and resources to both the real estate and mortgage industries.

SOURCE Real Estate and Mortgage Institute of Canada Inc.

For further information:

or to schedule an interview with Joseph White please call Cain Daniel, Director of Education and Training at 1-877-44-REMIC (73642) or e-mail Cain at cain.daniel@remic.ca

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Real Estate and Mortgage Institute of Canada Inc.

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