The Globe And Mail: nesto buys Canada’s third-largest non-bank mortgage lender
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As featured in The Globe and Mail this morning: Online mortgage lender nesto Inc. is expanding into commercial mortgage lending with the purchase of Canada’s third-largest non-bank mortgage lender CMLS Financial Ltd.
The teams at nesto and CMLS Group are excited to join forces, united by a common culture of entrepreneurship, innovation and ownership mindset.
“Combining our strengths will allow us to better serve Canadians and set new standards for the mortgage industry,” said Malik Yacoubi, CEO and cofounder of nesto. “CMLS is really strong in the rest of Canada, and this will allow the to expand more in Quebec – and vice versa.”
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