Great news, another lender enters the Calgary Mortgage Broker lending market. Since CIBC First Line left, there was concern the space was shrinking, now a well renowned player has entered the ring.
CMLS started back in 1974 under the banner Penmore Investment Services, as a commercial Mortgage Intermediary. In 2004 split into two companies which allows it to still focus on Commercial as Penmore Mortgage Capital Corporation, while the other Canadian Mortgage Loan Services is created to establish more diverse products to mortgage investors.
In 2011, Canadian Mortgage Loan Services changes its name to CMLS Financial Ltd. In 2012, Penmore rejoins the company again under CMLS Financial LTd, and in 2013 Monday February 25th they launch their Residential Mortgage Division.
Having existing mortgage assets over 8 billion already in existence and around since 1974 means they are not starting up, they know lending, they are successful at it, and have been doing it for longer than many Calgary Mortgage Brokers have been alive.
With over 100 employees they have the capacity and efficiency to assist Calgary mortgage brokers in this competitive marketplace with not just some great products, but some great mortgage rates as well.
Give me a call should you want to know more! 403-807-8779
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