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  • Blogs & Articles
  • Buying a Home
    • Why Work With a Mortgage Broker?
    • Steps to Mortgage Approval
    • Understanding Mortgages >
      • Mortgage Types & Rates
      • Being a Responsible Borrower
      • Your Mortgage Contract
      • Being Aware of Risks
    • Mortgage Insurance
    • Real Estate Fraud
    • Find a Mortgage Broker
  • For Mortgage Brokers
    • Our Role in Advocacy
    • Value of membership >
      • Affinity Program
    • RECA Guides & Industry Tools
    • Compliance Toolkit
    • Become a Member
    • Member Portal Login
  • Join Our Industry
    • Why Become a Mortgage Broker
    • Apply for Mortgage Courses
    • How to get licensed in Alberta
    • Join a Member Company
    • Industry Job Board
    • Newly Licenced >
      • Finding a Brokerage
    • 2025 Sponsorship Packages
  • Events & News
    • 50th Anniversary
    • 2025 Alberta Mortgage Conference
    • Awards
    • Event Calendar
    • Industry News
  • About Us
    • Our Mission & Strategic Plan
    • Board of Directors
    • Committees >
      • Join a Committee
      • Audit, Finance & Risk Committee
      • DEI Advisory Committee
      • Education & Professional Development Committee
      • Governance Committee
      • Political Action Committee
      • Professional Standards Committee
      • Women of AMBA Committee
      • 2025 Awards Adjudication Working Group
      • 50th Anniversary Advisory Committee
    • Code of Conduct
    • Our Team
    • Contact
  • Blogs & Articles

Blogs & Articles

AMBA Chair on Ask the Expert

3/21/2025

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In a recent Ask the Expert segment on Global News Morning, AMBA Board Chair and Licensed Mortgage Broker Faiz Khaku joined the conversation to break down how U.S. tariffs and interest rates are influencing Canada’s housing markets and mortgages.

Whether you’re a first-time homebuyer or thinking about selling and staying in the market, Faiz’s advice is simple:
​
“My biggest piece of advice is work with a licensed mortgage professional. Have that partner in your corner to be able to answer your questions, to make sure you're getting the right product, and setting yourself up properly for the future.”

🎥 Watch the full interview here: House hunting amid economic uncertainty

🔍 Looking for a licensed mortgage professional? Use RECA’s search tool to find a trusted expert near you.
​
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How the Right Appraisal Firm Can Boost Your Mortgage Business

3/19/2025

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The mortgage industry is fast-paced and full of challenges, from strict regulations to ever-changing market conditions. As a mortgage broker, you know that every transaction depends on accurate appraisal valuations, timely processing, and happy clients. But did you know that the right appraisal firm can directly impact your success? A trusted appraisal partner doesn’t just help you close deals—it strengthens your reputation, ensures compliance, and keeps your business running smoothly. By choosing a reliable appraisal firm that lenders trust, you can streamline operations, reduce headaches, and set yourself up for long-term growth. 

​1. The Value of Open Communication with Appraisers 
A strong relationship with your appraisal firm goes beyond just receiving reports—it requires open and honest communication. Discussing market trends, unique property factors, and value expectations with your appraiser helps ensure that valuations align with reality while staying within lender requirements. When brokers and appraisers engage in transparent communication, they can establish well-founded valuation expectations and mitigate the risk of proceeding with a deal based on an unrealistic value. This helps brokers save time by focusing on deals that are more likely to succeed, leading to smoother transactions and better results for everyone involved. 

2. Optimizing Loan Processing Timelines 
Timing is everything in mortgage transactions. The speed of an appraisal directly affects loan approval timelines, impacting borrower satisfaction and the overall efficiency of the lending process. Additionally, an appraisal firm trusted by lenders can accelerate the underwriting review process, as underwriters have greater confidence in the firm's work. When your appraisers deliver on time and with credibility, your clients remain satisfied, and your business operates more efficiently. 

3. Strengthening Client Confidence and Market Credibility 
Buying a home is one of the biggest financial decisions your clients will ever make. They need to feel confident that the property they’re investing in has been fairly and accurately valued. A well-executed appraisal builds trust, reassures borrowers, and increases the likelihood of repeat business and referrals. When you work with an appraisal firm that upholds the highest standards of accuracy and transparency, it reflects positively on your brokerage and strengthens your reputation in the industry. 

4. Navigating Market Fluctuations with Expertise 
Real estate markets don’t stand still. Prices fluctuate due to economic trends, neighborhood developments, and shifting demand. A seasoned appraisal firm helps you stay ahead of these changes, offering insights that allow you to better guide your clients. With an experienced appraisal partner, you’re not just closing deals--you’re positioning yourself as a knowledgeable advisor whom clients can rely on, no matter the market conditions. 

5. Fostering Long-Term Business Growth 
Success in mortgage brokerage isn’t just about closing individual deals--it’s about building a stable, growing business. Having a dependable appraisal firm in your corner means fewer transaction headaches, stronger lender relationships, and a smoother workflow. This stability allows you to focus on expanding your client base, improving service, and scaling your business for long-term success. 

6. Ensuring Precise and Credible Valuations 
Accurate property valuation is at the heart of mortgage lending. Without it, deals can fall apart, loans can get rejected, and clients can lose confidence. A trusted appraisal firm provides fair, market-aligned assessments that help you avoid unnecessary delays or financial surprises. By working with appraisers who truly understand market trends and lender expectations, you can minimize roadblocks and keep deals moving forward. 

Conclusion 
Your ability to close deals efficiently, stay compliant, and earn client trust depends on the strength of your appraisal partnerships. A reliable appraisal firm ensures accuracy, speeds up loan processing, and enhances your credibility in the industry. 

​If you’re looking to take your brokerage to the next level, now is the time to invest in a high-quality appraisal partner—one that delivers precise valuations, follows regulations, and meets lender expectations. Building this partnership won’t just help you today; it will set your business up for success in the years to come. 
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Alberta Mortgage Brokers Association
7326 10th Street NE, Suite 310   
​Calgary, AB T2E 8W1
Phone: 587.774.9828 
​Email: [email protected]
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At the Alberta Mortgage Brokers Association, we acknowledge that our work in the housing industry is deeply connected to the land we call home. We recognize and pay tribute to the traditional territories of the peoples of Treaties 4, 6, 7, 8 and 10.  We also honour the Métis Nation of Alberta.  As we work to facilitate homeownership in Alberta, we remember that we operate on land that has been home to Indigenous peoples for generations.