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Montreal based M3 Mortgage Group, parent company of some of the most well known names in the residential mortgage sector, said Thursday it has added a major independent brokerage to its stable of companies in a move that grows its annual loan volumes from $25 billion to $44 billion.M3 Mortgage Group, which already owns Multi Pr Mortgages, Mortgage Alliance, Invis and Mortgage Intelligence, said the move to buy Vancouver based Verico Financial Group Inc. Gives its 6,000 broker strong company a presence spanning coast to coast and makes it the largest, fastest growing non bank mortgage originator across the country.announcement is a game changer for us. It gives us the scale and scope to truly transform the home financing space by offering a diverse range of solutions to all brokers, said Luc Bernard, president and chief executive of M3 Mortgage Group.Verico was founded in 2005 and in 2010 reached $10 billion in collective loan volume.
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