The mortgage industry is in the midst of a transition in Canada, and Manulife is ready to evolve with it.
In recent years, the adoption of cutting-edge technologies has streamlined operations, affording brokers the luxury of spending more time nurturing client relationships while expediting approval and other processes on the back end.
And this transformation couldn’t have come at a better time, just as the country is bracing for an impending deluge of mortgage renewals slated for 2024 and 2025. An astonishing 2.2 million mortgage holders, representing nearly 45% of the nation’s total outstanding mortgages, are poised to renew their mortgages in the midst of the current challenging rate environment.
Manulife’s head of creditor insurance and 25-year industry veteran, Mario Cloutier,…
