Dominion Lending Centres Inc.
Dominion Lending Centres Inc.
Sector: Financial
Description
Dominion Lending Centres Inc. is a junior financial service company involved in a mortgage business operated by the DLC Group.
It trades on the TSXV under the name DLCG.
The British Columbia, Canada-based banking company provides mortgage services to customers for residential, refinancing, and commercial purposes. In addition, the company also helps the customers to understand and improve their credit score, determining their budget, securing down payments, exploring mortgage options, paperwork, and pre-approval.
Dominion Lending Centres Inc. operates through a network of finance professionals, including approximately seven thousand agents and more than five hundred franchises.
The company manages its finance business through three subsidiary companies with operations across thirteen Canadian provinces and territories:
• MCC Mortgage Centre Canada Inc.
• MA Mortgage Architects Inc.
• Newton Connectivity Systems Inc.
In a press release dated April 30, 2021, Dominion Lending Centres Inc. reported that it bagged the award of ‘Digital Innovator of the Year’ at the Canadian Mortgage Awards function 2021.
This win came in conjunction with the following recognition:
• Newton Connectivity Systems Inc. was recognized as the Industry Service Provider of the Year.
• Mortgage Centre Canada Inc. was awarded as the Broker of the Year for providing private lending services.
• An MCC franchisee- Outline Financial was recognized as the Brokerage of the Year awardee.
On May 17, 2021, Dominion Lending Centres Inc. mentioned that Newton Connectivity Systems expanded the Velocity features and customer service to additional lender options by adding Desjardins Bank, a Quebec based lender company.
In a press release dated June 23, 2021, Dominion Lending Centres Inc. commercialized its First Responder Mortgage Program that offers mortgages at a competitive price along with cashback incentives throughout Canada.
Peers
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NA
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