The Competition Bureau announced Friday that it "has obtained a court order to advance a civil investigation into alleged anti-competitive conduct by Dominion Lending Centres Inc. (DLC)."
"This includes examining certain practices that limit mortgage brokers' ability to use the technology solutions of their choice," its press release said.
The action relates mainly to DLC charging mortgage agents $200 per file to use specific competing mortgage submission platforms (a.k.a. "Point of Sale" systems). POS competitor Finmo reportedly initiated the complaint. Finmo goes head to head with DLC Group's wholly-owned Newton platform.
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