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,"

Industry bellwether DLC Group is the poster child for what happens when interest rates soar. Its funded volumes plunged 41% last quarter, compared to Q1 2022's record numbers. Its revenue dove 32% to $11.6 million.

Last May, mortgage fintech Pine.ca took in $27 million from investors who bet it would "disrupt" Canada's mortgage business. We were nosy about how that was coming along, so MLN caught up with Justin Herlick, Co-founder and CEO of Pine Canada Financial Corporation. He was

Back in the day, appraisers dealt with only a handful of lenders. Today they deal with dozens. That means appraisers must know far more lender specifications, like how old comparables can be, what sort of comps to use, etc. All these different lender rules boost the chances appraisers will get