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Credit bureau changes and what you need to know.
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As we head toward the start of a new year and we continue to deal with the impacts of the COVID-19 pandemic, reducing costs and increasing efficiency continue to be top priorities for lenders and brokers. To meet both objectives, the pace of digital adoption needs to accelerate across the industry.
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The events of the past year have impacted businesses around the world. The Canadian mortgage industry is no stranger to these changes as brokers, brokerages and lenders transition to a more digital way of operating.
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Canadian consumers are willing to make the leap and buy a home, but many are unsure about the process required to obtain a mortgage. The industry needs to evolve to support homebuyers as they navigate this very complex transaction.
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