With a degree in commerce and years of experience in lending and management with local credit unions and large trust companies, Michael Lloyd found his niche in 1999 when he became an independent mortgage broker. “Offering only one company’s products didn’t sit well with me,” Lloyd says. “Brokering meant I could use the entire market to find just the right lender for each client.”
Lloyd worked as a broker from 1999 to 2005, helping clients achieve the goal of homeownership. In 2005, he merged with Invis on the Peninsula, earning their Top Mortgage Broker Award in 2010. In 2011, he joined Dominion Lending Centres and created Canadian Mortgage Experts. The brokerage started with a small team and now claims more than 100 brokers across British Columbia and Alberta.
CME brokers have helped thousands of clients. Under Lloyd’s leadership, the brokerage has earned the title of Largest Volume Franchise with Dominion Lending Centres. Lloyd’s personal portfolio of achievements includes winning DLC’s Platinum and Diamond Awards every year since 2011. In 2016, Lloyd joined the DLC Elite Hall of Fame while guiding the CME team into DLC’s $1 Billion+ Volume Club. “It’s important for me to stay connected to the needs of our clients in order to be the best leader I can be for our team,” he says. “I know what our brokers go through every day.”
A true entrepreneur, Lloyd is immensely respected by his peers and the mortgage industry alike. Earlier this year, he went to Ottawa to testify as an industry expert in front of the Committee on Canadian Real Estate Market and Home Ownership, speaking alongside other industry experts about how new government mortgage rules had impacted average Canadians. He subsequently spearheaded an online awareness campaign to educate the public on the changes, encouraging them to contact their local MPs to put pressure on the government to re-evaluate the changes.