Brokers are performance-based individuals and they love to know how they stack up to the pack. That’s largely why Canadian Mortgage Professional’s Top 50 broker list is so intriguing.
CMP's latest rankings for 2009 were released just recently. The top five brokers include:
Calum Ross (Mortgage Centre, Toronto, ON) $148 million funded
Jim Tourloukis (Advent Mortgages, Unionville, ON) $127 million funded
Paul Gazzola (Mortgage Architects, Guelph, ON) $119 million funded
Michelle Beet (Mortgage Alliance, Port Moody, BC) $111 million funded
Nicole Drummond (Dominion Lending, Ottawa, BC) $97 million funded
Here are some factoids from the top 50:
Average years in the business: 10.38
Minimum years in the business: 4
Average deals per month: 19
Average volume per year: $59 million
Average volume per month: $4.9 million
Minimum volume per month: $2.5 million
Average administrative staff: 1.4
CMP’s broker ranking is based on voluntary submissions from brokers around the country. CMP then attempts to verify the resulting data as best it can.
Since the survey is voluntary, the majority of Canadian brokers don’t participate. As a result, the list is missing numerous major producers, like last year’s #1, Peter Kinch, for example.
Nonetheless, all of the brokers on the list deserve recognition for outstanding production. It isn’t easy to build a $30 million+ business, and these folks have each cleared that hurdle, and then some.
Update: CMP restated its rankings after this story was published, citing a technical glitch that misplaced some submissions. As a result, CMP says the #2 broker is actually Dan Eisner of True North Mortgage. More…