Office address: #490-1140 W Pender Street, Vancouver, BC V6E 4G1
Website: www.verico.ca
Year established: 2005
Company type: financial services
Employees: 3,800+
Expertise: mortgage, financing, real estate, and loans
Parent company: M3 Mortgage Group
CEO and key people: W. Mark Squire, President and COO
Financing status: corporate-backed or acquired
Verico has established itself as a top choice for Canadians seeking mortgage solutions. With a significant portion of Canadians choosing mortgage brokers over major banks, Verico's appeal lies in its comprehensive services and customer-centric approach. Verico is headquartered in Vancouver and is part of the M3 Mortgage Group.
Founded in 2005, Verico embarked on a mission to unite Canada's top mortgage originators, fostering a community of highly driven professionals. This initiative quickly positioned Verico as a formidable entity in the mortgage sector.
The company reached a milestone in 2010 with $10 billion collective loan volume. This figure rivalled the mortgage business of Canada's Big Five banks. Today, Verico originates over $18 billion yearly and helps more than 45,000 families with their mortgage needs.
Verico offers products and services to meet the varied needs of its clients. These include:
mortgage advisory services: offering personalized mortgage solutions through a network of experienced advisors
competitive mortgage rates: facilitating lower interest rates through partnerships with multiple lenders, including major banks and financial institutions
insurance services: a forthcoming addition to Verico's portfolio, aimed at protecting clients' families and homes
Verico fosters a culture of collaboration and excellence, with over 230 mortgage business owners and entrepreneurs sharing its ideals. This culture is rooted in professional ethics, excellence, and a commitment to helping families build better lives. The company's ethos is reflected in its network of independent brokers, each operating with a high degree of autonomy and shared values.
Verico was a big winner at Canadian Mortgage Professional’s Top Mortgage Employers for 2023. It won Gold awards in the Compensation, Benefits, Reputation, and Culture segments under the Networks category.
W. Mark Squire, the President and COO of Verico, brings over 30 years of experience in the financial industry. His career began at CIBC, followed by significant roles at National Bank of Canada and Manulife. At Verico, Mark is instrumental in shaping the company's strategic direction, leveraging his extensive experience to foster growth and innovation in the mortgage industry.
Squire holds a degree in Business Economics from Brock University. He also completed courses with the Canadian Securities Institute and Dalhousie University & ICB.
Verico is on pace for continued growth and advancement. The company's commitment to professional excellence and ethical standards, combined with its focus on adapting to the evolving needs of the mortgage industry, positions it well for even more success.
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