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National Bank’s Broker Push Expands Throughout Ontario

Author: 
Robert McLister
Publication date:
April 27, 2022
Article Summary: 

National Bank of Canada (NBC) has expanded its Ontario pilot to all M3 Group brokers in the province. It is three years since NBC returned to the broker channel, but it had to ensure profitability after previous concerns. Among the positives, NBC’s broker channel offers a free appraisal, and $500 to $3,000 cash back to customers. They have solid 5-year rates, including a 2.55% variable and 3.99% fixed. Other offerings include a rental program, Made-to-Measure mortgage, and “net worth” based lending program with more flexibility for high-net-worth borrowers. Brokers must use the MortgageBOSS system to access NBC.



Keywords: 

National Bank of Canada, broker channel, Ontario, uninsured AAA broker business, balance sheet lenders, All-in-One mortgage, debt ratio limits, rental program, appraisal fees, cash back, unpublished rate promos, Made-to-Measure mortgage, net worth lending program, first time right model, MortgageBOSS, volume bonus, Filogix Expert, Quebec, HSBC deal.



Source Citation: 
Robert McLister
National Bank’s Broker Push Expands Throughout Ontario
April 27, 2022
https://www.canadianmortgagetrends.com/2022/04/national-banks-broker-push-expands-throughout-ontario/
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