Could the market be gaining strength? In its ninth year, CMP's top broker list saw a significant increase in funded volume. We report the results.
LAST YEAR seems to have been a good one for Canada’s top performers – the Top 75 brokers collected commissions on more than $5.04 billion in funded volume, specifically on residential mortgages. When all the submissions were gathered and double-checked, we once again crowned a winner, who recorded a whopping $331,520,352 – an increase of more than $72.9 million over his 2013 total. Of course, you’ll have to read on to discover who that mystery broker is.
CMP is very proud of the diversity of this year’s list – new brokers and veterans alike have done outstanding work. Many of those same brokers also appear on CMP’s fourth Small Market Top 20, which recognizes the successes of top performers in markets where the average home price is $301,000 or less.
Together, both lists point to a continuing trend: The perpetual gap between the very top performers in this industry and other mortgage professionals. However, this gap may be closing among the best of the best; the top five this year contributed about 16.5% of the total funded volume for the entire list, down from nearly 20% last year.
CMP congratulates all the mortgage professionals who took part in this year’s list. Each honouree had to be employed as a mortgage professional, able to write loans, and their deals must have been personally initiated. They also had to provide a breakdown of their deals with verifiable lender contact information. All deals were residential, and while back-office support in processing the loans is acceptable, no other parties could receive commissions on these deals.
Verico is one of the largest mortgage broker networks; we have more than 200 offices and 2,300-plus brokers who originate more than $13 billion in annual loan volume. Verico is composed of the top professional and influential mortgage companies and originators in the country. The Verico network prides itself on the core pillars of excellence, professionalism and ethical standards; as a result, we have earned a coveted reputation that in the industry. Find out why the most respected brokers and influential mortgage companies in this industry are members of the Verico network. Talk to us. You’ll be impressed.