BMO's Broker Rollout: Niche Programs. Selective Access (For Now)

Mortgage brokers are lining up to sign on with BMO, but the bank is taking it slow. A few months into its official channel launch, it's brought on just over 100 brokers.

"We're expanding that quickly," says Hassan Pirnia, Head of Personal Lending and Home Financing at BMO. He assures us the bank isn't playing hard to get with brokers. It's just trying to ensure its processes are bulletproof before ramming through big volumes.

Apart from its broker contract (which one broker called "a bear") and starting fixed rates, the buzz around BMO's offering has been upbeat.

Streetwise Mortgages broker Dalia Barsoum, for example, finds the bank's products quite "investor-friendly"—for four key reasons:

You don't have access to this post on at the moment, but if you upgrade your account you'll be able to see the whole thing, as well as all the other posts in the archive! Subscribing only takes a few seconds and will give you immediate access.

This post is for MLN Pro subscribers only

Subscribe now


Sign in or become a member to read and leave comments.
Just enter your email below to get a log in link.

You've successfully subscribed to
Great! Next, complete checkout for full access to
Welcome back! You've successfully signed in.
Unable to sign you in. Please try again.
Success! Your account is fully activated, you now have access to all content.
Error! Stripe checkout failed.
Success! Your billing info is updated.
Error! Billing info update failed.