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Underwriting Updates

Pineapple works with over 40 lenders plus the big banks. Get lender updates, rate announcements, and more from our dedicated Underwriting Department.

Pineapple Rate Sheet

Click here to access the current rates.

Lender Promos

TD Special Rates April 5th:

High Ratio Insured, 5-year fixed 3.89% Variable 2.10%, compensation 75bps

First National Special rates April 5th:

High Ratio Insured, 5-year fixed 3.84%, ARM P-0.90%

Rate option plus insured and insurable: 5 year fixed 3.84%, P-0.90%

Stated income insured and insurable: 5 year fixed 3.84%, ARM P-0.90%

Uninsured 5-year fixed 4.09%, ARM P-0.55%

Rental 5-year fixed 4.24%, ARM P-0.40%

Merix Special Rates April 7th

High Ratio Insured and Insurable, Variable P-0.95%, 30bps extra compensation

Industry Updates

Be Ready for BoC Announcement Next week – Opportunities in a Rising Rate Environment

BoC will be raising rates multiple times this year. The next hike is likely to occur as soon as April 13th. Be proactive – get in front of your clients, understand their pain points, find and present product solutions, and create follow-up tasks. Your underwriting team is ready to help get these clients refinanced, switched out, and into a suitable mortgage product. 

Watch this video on how to submit an inquiry to UW

Click here to watch

Read our Spring Market Report to understand your opportunities

Click here to read

Don’t forget to follow up with your clients and create/log your tasks.

Learn how here: (LINK)

New TD BDM effective April 11, 2022:

We are pleased to announce that Daniel Zhang has accepted an exciting new opportunity within TD and will be joining TD Wealth as a Regional Manager, supporting the Asian community. His last day with us will be April 8, 2022. Please join us in thanking Daniel for his many contributions and wishing him continued success.

As a result, we’re happy to announce that Caitlyn Penney has been promoted to Regional Sales Manager for the Greater Toronto Area region!

Caitlyn has held various roles in the Mortgage Industry and most recently was one of our Inside Sales Managers for GTA.  Her elective relationship management skills and strong credit knowledge will serve her well in her new role. 

Please join us in congratulations Caitlyn on this promotion effective April 11, 2022.

Caitlyn Penney


Essential Tutorial Videos

MyPineapple Tasks

Figuring Out Penalties

Emerson takes us through figuring out penalties.

What You’ll Learn

  • The difference between 3 months’ interest and the Interest Rate Differential (IRD).
  • Walks us through a real-life case study and shares how to calculate these payments.

The New Underwriting Process

Emerson shares a high-level overview of the updated underwriting process. 

What You’ll Learn

  • The new 9 step process for submitting your deal.
  • The importance of having your docs before submitting them to underwriting.
  • The new timelines that have been implemented into the Underwriting Process.

Utilizing Equity In Your Home

Emerson takes us through utilizing the equity in your home. Equity is the difference between the value of your home and how much you owe on your mortgage.

What You’ll Learn

  • There are two ways to build equity, the first is paying down the mortgage and the second is an increase in the property’s value.
  • How to use the equity in your home. He then goes through a real-life case study.

Mortgage Switch / Transfers

Emerson Munsayac takes us through Switches ve Transfers. He kicks off the meeting by explaining that a switch/transfer is when a client decides to move their mortgage from one lender to another.

What You’ll Learn

  • The difference between a mortgage switch and transfer.
  • How to utilize the calculators within our PineappleDOS system