Strategic partnership to focus on enhancing systems and broker resources
Mortgage Outlet (MO) and TMG The Mortgage Group (TMG) have announced a strategic partnership aimed at enhancing services and tools for mortgage brokers.
The independent brokerages will continue to operate under their respective brands while working together to develop broker resources and tools.
The partnership is designed to drive efficiency and ensure brokers have access to “best-in-class technology, processes, and systems,” the companies said in a statement.
“This partnership allows our firm to leverage the systems, tools, lender relations and compliance expertise developed by TMG,” said Shawn Stillman, principal broker of Mortgage Outlet. “This partnership, with continued focus on standards and efficiencies, has been made possible because both organizations share similar visions founded in the believe that mortgage brokers are ideally suited to meet the needs of Canadian mortgage consumers.”
TMG, Canada’s largest independent brokerage, has been active in the industry for over three decades. TMG’s broker network has more than 1,400 mortgage professionals.
Read more: Why TMG Hurricane has proven such a hit with brokers
Meanwhile, Mortgage Outlet, with over 200 agents and brokers and approximately $1 billion in annual origination volume, has a growing presence in the Canadian market. MO works with a wide range of lenders, including big banks, credit unions, and alternative lenders. The company has also expanded its private lending group, which offers private mortgages ranging from $20,000 to over $15 million.
“Recognizing the fit with Mortgage Outlet, who is values-driven, customer focused, compliance-centric and truly focused on their brokers success and well-being was truly inspiring” says Mark Kerzner, CEO of TMG The Mortgage Group. “We are extremely excited about this partnership given our values align with our to bring service excellence to our brokers.”
Make sure to get all the latest news to your inbox on Canada’s mortgage and housing markets by signing up for our free daily newsletter here.
