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Exciting News – National Bank Reinitiates Broker Channel

Good news for mortgage brokers: National Bank recently announced that it is returning to the broker channel.

On January 23, 2019, the National Bank announced a new partnership with the M3 Mortgage Group. M3 Group operates in Quebec, primarily under the Multi-Prêts Mortgages, Mortgage Intelligence, and Verico banners.

With this partnership, brokers could have the option of offering National Bank brand products to their clients in Quebec starting this spring.

“This partnership with M3 Group has many advantages for clients, to whom we will offer a great experience and quick access to tailored mortgage solutions. Our goal is to be able to meet several financial needs during mortgage transactions concluded by brokers,” stated Nadine Labbé, Vice-President – Retail Financing Solutions at National Bank, in a press release.

“We’re pleased to team up with M3 Group, which stands out for its commitment to excellence and its innovative vision of the brokerage industry.”

According to Canadian Mortgage Trends, the partnership will reportedly bring back all of National Bank’s retail products to the broker channel, including its popular All-in-One line of credit.

The rollout is launching in April, but only in Quebec for now.

M3’s Eric Chamelot told Canadian Mortgage Trends, “Once everything is up and running and everyone is satisfied then we’ll plan the next stage, which is the rest of Canada.”

The National Bank stated that this partnership was made possible from technological and digital advances. M3 echoed that statement.

“From the moment we started investing in technology, we had a clear vision of how our ecosystem would evolve, and of the opportunities that would open up for brokers,” said Luc Bernard, Chairman and CEO of M3 Group.

“We’re very proud of the work our teams have accomplished over the past few years, and that dedication and effort is now reflected in the goals of a major player like National Bank. These investments and changes posed a welcome challenge—but our brokers and their customers will be the first to reap the full benefits.”

We are excited to see where this partnership leads. Congratulations to National Bank and M3 Group!

Mortgage brokers who work with M3 Group, or other brokerages, can benefit from Purview’s tools. Access detailed property reports, fraud checks, and more.

Get started today. Call 1-855-787-8439 or visit www.purview.ca.

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