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Dominion Lending Centres Inc T.DLCG

Alternate Symbol(s):  BRLGF

Dominion Lending Centres Inc. (DLCG) is a Canadian mortgage brokerage and data connectivity provider with operations across Canada. DLCG operates through Dominion Lending Centres Inc. and its three main subsidiaries, MCC Mortgage Centre Canada Inc., MA Mortgage Architects Inc. and Newton Connectivity Systems Inc (Newton). The Company's network includes approximately 8,500 agents and over 500 locations. The franchise model provides secure long-term relationships with mortgage professionals, and the Corporation provides training, technology, marketing, recruitment and operational support to its franchises and brokers. Mortgage professionals provide services related to property purchases, mortgage refinancing and renewals, credit lines, and other borrowing needs. Mortgage professionals originate mortgages but do not themselves lend money. Newton is a financial technology company, which provides an all-in-one operating platform in Canada named Velocity.


TSX:DLCG - Post by User

Post by tinkvidon May 18, 2021 9:44am
192 Views
Post# 33221164

Quiet BUT significant "Dominion's Newton adds Desjardins"

Quiet BUT significant "Dominion's Newton adds Desjardins"
Dominion's Newton adds Desjardins as submission lender
 
2021-05-17 13:20 ET - News Release
 
 
Mr. Gary Mauris reports
 
DLC FURTHER EXPANDS VELOCITY'S REACH WITH LENDER AGREEMENTS
 
Dominion Lending Centres Inc.'s subsidiary, Newton Connectivity Systems Inc., has successfully added Desjardins Bank for submission from Velocity. As Desjardins is one of the leading lenders in Quebec, adding them as a submission lender will enhance the adoption of Velocity with our Quebec based customers.
 
Further, the Corporation and Newton continue to work with HSBC Canada on a mortgage program exclusive to DLC Group mortgage professionals and accessible only through Newton's Velocity connectivity platform.
 
Gary Mauris, Executive Chairman and Chief Executive Officer of the Corporation, commented: "Mortgage professionals now have even more reasons to use Canada's fastest growing mortgage submission platform with Newton's Velocity. Along with Velocity's award-winning features and client service, we continue to add more lender options to ensure Velocity is the system of choice for top mortgage professionals."
 
Geoff Willis, President of Newton, noted: "Adding Desjardins, together with the HSBC program, provides Velocity mortgage professionals with greater lender access across Canada and the ability to access exclusive preferred rates."
 
About Dominion Lending Centres Inc.
 
The DLC Group is Canada's leading network of mortgage professionals. The DLC Group operates through Dominion Lending Centres and its three main subsidiaries, MCC Mortgage Centre Canada Inc., MA Mortgage Architects Inc. and Newton Connectivity Systems Inc., and has operations across Canada. The DLC Group's extensive network includes ~6,500 agents and 515 locations. Headquartered in British Columbia, the DLC Group was founded in 2006 by Gary Mauris and Chris Kayat.
 
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