Verico and DLC brokers merge

From rivals to partners, two competing brokerages merge under the Dominion banner.

Verico Clean Trust Mortgages and Dominion Lending Centres A Better Way, two west-coast-based brokers, have merged to create Dominion Lending Centres Clear Trust Mortgage A Better Way.

“Our Team is pleased to be part of the Dominion Lending Centres’ network of mortgage professionals and we look forward to all the benefits that being part of DLC will bring to our office,” Robert Afan, CEO & managing director of Verico Clear Trust Mortgages said in an official release.

Clear Trust Mortgages brings with it $300 million in volume which, according to Dominion Lending Centres, makes Clear Trust Mortgages A Better Way one of the network’s highest funding offices.

“As an enhancement to DLC, this integration compliments our respective strengths and broadens our capabilities to support the Canadian consumers we serve,” Gary Mauris, president of Dominion Lending Centres said in the release. “We are excited to be joining forces and providing our clients with an ever-increasing level of lending expertise.”

The merger will result in one of western Canada’s largest mortgage offices.

“We are excited to welcome Clear Trust mortgage professionals and clients to Dominion Lending Centres,” said Mark Smith, principal of Dominion Lending Centres A Better Way. “Our combined strength and enhanced Mortgage Advisor value proposition will be an advantage for consumers seeking mortgage products and advice in these ever changing times.”