Since Dominion Lending Centres acquired control of MCC, the broker network has not lost a single brokerage, according to its CEO, addressing speculation.
“It’s a good news story for us: We haven’t lost a single brokerage since the acquisition by DLC,” Eddy Cocciollo, president of The Mortgage Centre told MortgageBrokerNews.ca. “It’s something we’re very happy about and it shows the value that the MCC network continues to offer.”
In June of this year, Dominion Lending Centres announced that it had acquired The Mortgage Centre in a move that solidified DLC’s position as the largest brokerage in Canada.
"We are very excited with this purchase as it further demonstrates DLC's long-term commitment to the Canadian mortgage brokering channel," Gary Mauris, president of DLC said in an email sent to the network's members in June. "It also solidly positions DLC as the clear leader in origination, the number of mortgage professionals and the number of locations coast to coast."
And if there were any fears that the quality of service provided by The Mortgage Centre would suffer, Cocciollo is quite to shoot such talk down.
“It has been proven that with our new partner, we are able to deliver value add at the speed necessary for The Mortgage Centre network to compete in the mortgage industry,” he said. “With 100% focus on the business, our new owners have given MCC the resources to innovate products, tools and technology to compete.”
Of course, the partnership has come with its perks. After all, what’s the sense of joining the largest broker network without benefitting from the resources?
“In three short months we launched a fresh new website, customized CRM free to all our network, New white label MCC Centric mortgage, and other products and tools that have enhanced the overall value proposition of our brokers and agents,” Cocciolo added. “After 25 years as one of Canada’s oldest national brokerages we are very excited about the future of MCC.”