Mortgage Broker

Spring 2018

Mortgage Broker is the magazine of the Canadian Mortgage Brokers Association and showcases the multi-billion dollar mortgage-broking industry to all levels of government, associated organizations and other interested individuals.

Issue link: http://digital.canadawide.com/i/981086

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CmB magazIne cmba-achc.ca spring 2018 | 31 just has to work harder in a tougher climate to develop viable business opportunities. Clearly identifying what one needs to do to revise their business model with the appropriate adjustments is paramount to the success of a business. CMB: What do you feel are the biggest challenges and opportunities facing the Canadian mortgage industry today? JB: e greatest challenges right now are definitely in the regulatory space with extreme changes in a short time span and, in particular, in an increasing interest-rate environment. One of the things we concentrate on at CIMBC as a broker-centric organization is making sure our broker members are very much prepared with access to funds and a variety of lender partners with unique options. CMB: how do you personally strive for excellence? JB: roughout my career I have always maintained the difference between "I can't" and "I won't." Understanding the clear distinction between the two is critical in determining whether one succeeds or fails. Awareness of one's surroundings is another very important component to success, along with the ability to build meaningful relationships that add value to all parties in the business equation. Excellence can only be achieved for those who work hard and take the time to build a business strategy that gives them the ability to be agile. CMB: What advice would you give to those just starting out in the industry? JB: Take the time to study the industry as thoroughly as you can, and build a business plan that works for you. Aligning yourself with the right partners by verifying the pitch is also critical to one's success. Be a leader, not a follower. CMB: Do you feel you are an industry pioneer, breaking new ground during your career? if so, why? JB: Here's where I'm going to let my modest side kick in, and allow for my accomplishments to speak for themselves. CMB: What's on the horizon for you, career-wise? JB: I'm focused on taking CIMBC to the next level as an industry leader in the broker space. With the newest additions to our team – former BMO executive Robert Sinclair as our president, and Calvin Quek, who's brilliant in the tech space and understands the mortgage business very well, which is critical to the success of our business model of strategically positioning our CIMBC member brokers and their agents for what lies ahead – along with our strong and rapidly growing broker partners, let's just say I'm very excited about the future! I'm not done yet with bringing meaningful disruptive change to the industry. "I'm not done yet with bringing meaningful, disruptive change to the industry." mblegend

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