TD's rate quoting system wasn't working well—for anyone, including brokers, customers and the bank itself. So, management radically changed to a new model called "Real Time Pricing (RTP)." It kicked off today, April 1, following TD's trial run with a few mortgage industry heavyweights.

If you're a TD broker, you've probably heard much about it already, so we'll skip all the fluff. Here’s the part that actually matters if you’ve got deals to close and clients who view interest rates as a zero-sum game.

In this latest instalment of "Canadian Fintechs: The Struggle is Real," we revisit Mogo.

Followers of the company may remember that it launched the MogoMortgage in 2017 with more fanfare than a Canada Day parade. The company vowed to "drive high-margin, transaction revenue" from home loans and "gamify" the mortgage experience.

As it turns out, the business has been anything but fun and games for the company.

It took little time for True North Mortgage to scoop up 25+ former Rocket Mortgage Canada employees. The move turbocharges the Calgary-based company's salesforce and follows Rocket Canada's announced closure.

"True North Mortgage is pleased to provide employment opportunities to nearly two-thirds of Rocket Mortgage Canada’s front-line mortgage professionals," said Amanda Magee, Chief Growth Officer of True North. "The company will also maintain an office presence in Windsor, Ontario, ensuring continuity for employees and contributing to the local economy." The outpost will function as a remote call centre, like True North's main Calgary and Toronto offices.