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Mortgage Broker News | 04 Jan 2016, 09:16 AM Agree 0
One major player is now the largest mortgage originator in the country after acquiring a competitor
  • Ron Butler | 04 Jan 2016, 11:31 AM Agree 0
    Congrats to Gary and Chris, these two gentlemen know the best way to prove you really are committed to an industry is to write a big cheque. They have purchased a great company with a fantastic group of agents and brokers. I know there are those who may think the cost was too high but as a great CEO once said "no company ever shrank their way to greatness" Betting big on the future of the mortgage brokerage business is a huge complement to all of us who help clients with their home financings every day. Best wishes to all involved.
  • Chris Kayat | 04 Jan 2016, 12:00 PM Agree 0
    Hey Ron thanks for the kind words. We are very proud of this acquisition and very committed to the Mortgage Broker Space. Happy New Year may 2016 be Healthy, Happy and Prosperous for You and Family.
  • Gary Mauris | 04 Jan 2016, 12:00 PM Agree 0
    Thanks Ron for the kind comments! We love this space and think the future is bright! MA is a terrific company with a very talented roster of agents and owners. Getting great feedback from everyone including our terrific lending partners.
  • @kiltedbroker | 04 Jan 2016, 01:10 PM Agree 0
    Wow, exciting news to start to 2016! Congrats to everyone involved! I am very interested in seeing what this looks like for the industry! What a huge force!
  • Top Mortgage Broker | 04 Jan 2016, 01:10 PM Agree 0
    DLC is a force to be reckoned with! Their size will provide real advantages and benefits to their borrowers and brokers.
  • steve kates | 04 Jan 2016, 01:53 PM Agree 0
    good luck with your new purchase
  • Dave | 04 Jan 2016, 04:14 PM Agree 0
    If DLC has around 40% market share , does anyone know the approximate market share of other brokers currently? Just wondering who is the next biggest ....
  • Ron Butler | 04 Jan 2016, 05:25 PM Agree 0
    Verico would be next with about $12 -$13 billion followed by Invis/MI I would think.
  • Curious Broker | 05 Jan 2016, 01:32 PM Agree 0
    Now that the MA sale is finalized...what is happening with Radius?
  • Ron Butler | 05 Jan 2016, 03:13 PM Agree 0
    I think we may hear about Radius in the next few weeks. It is a somewhat more involved transaction. In the case of MA it was a pure divisional intact purchase. Everything stayed in place just new owners.

    At Radius there has to be some level of integration to sort out even it is is small scale integration and there may also be some regulatory input that moves fairly slowly.
  • Dustan Woodhouse | 05 Jan 2016, 08:40 PM Agree 0
    There is a lot to be said for being part of an organisation on the move and on a mission.

    No doubt each of the brands will stay distinct, but even just a slight underlying feeling of solidarity among 4200 Brokers can be a powerful thing.

    To sum up in one word how Brokers go to 70% market share from 30%; together.

    Great move Chris & Gary!
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