Company: DLC Canadian Mortgage Experts
Total volume: $67 million
Loans funded: 142
CMP: What are your thoughts on consolidation in the industry?
Chad Oyhenart: Consolidation is inevitable, but I think the industry needs to be concerned about over consolidation. The major networks are squeezing lenders on profits and commissions that could lead to lenders moving out of the industry if the trend continues. Lenders need to be profitable, as well, for them to remain in the mortgage space through the broker channel.