Dominion Lending Centres (DLC) says it is now the largest mortgage originator in Canada after acquiring Mortgage Architects from Pacific Mortgage Group. DLC now owns three brands (Dominion Lending Centres; Mortgage Centre Canada and Mortgage Architects) and it plans to continue operating all of them.

It says the DLC group of companies will now reach close to 40 per cent market share, with a combined $32 billion in annual mortgage volume, translating to more than 100,000 individual mortgages per year.

With the addition of Mortgage Architect’s 1,287 mortgage brokers and agents, DLC now has more than 4,800 accredited mortgage professionals in the three companies.

Gary Mauris, president and CEO of DLC, says: “Since its inception in 2005, Mortgage Architects has been a strong brand in the Canadian mortgage space. They’ve been very technology focused and developed some very comprehensive and powerful systems. We look forward to sharing our best practices with them, but also learning how we can better serve our clients and our accredited mortgage professionals.”

Albert Collu, president of Mortgage Architects, says: “DLC is an unquestionable leader in the Canadian mortgage space and I know that our network of accredited mortgage professionals will thrive working alongside DLC.”

DLC says the “process of the purchase was initiated approximately six months ago.”