Company: Loewen Group Mortgages
Location: Ontario
Total volume: $84.67 million
Loans funded: 297
CMP: What was your primary strategy for growing your business in 2019?
James Loewen: Technology advancement and online presence. We’re proud to relay that 2019 brought about some of the largest changes and implementations in technology we’ve done to date.
CMP: Do you think consolidation will be a significant factor in the industry this year?
JL: Yes. We’ve already seen a lot of brokerage houses purchased over the last couple years, with the many becoming the few. Quite simply, I see this as a trend for large brokerage houses seeking to increase their portfolio of volumes, and also as a means of controlling what platforms are being used to submit these volumes to lenders.
