VERICO Designer Mortgages Inc. Lic 10194
VERICO Designer Mortgages Inc. offers residential, commercial, and business financing with a wide range of funding sources available. Whether you are looking to purchase your first home or finance multiple investment properties, we specialize in providing the right solution for your unique financing needs!
Member Of VERICO Mortgage Brokers Network
VERICO was founded in 2005 with a single idea: to unite top mortgage originators in Canada and create additional opportunities for this group of highly driven professionals. In 2010, VERICO reached $10 billion in collective loan volume, a number that rivaled the mortgage business of the big 5 banks in Canada. Operating at the highest degree of professionalism, excellence and ethical standards, VERICO originates over $13 billion by helping 45,000+ families annually with their mortgage needs.
Member of MPC - Mortgage Professionals Canada (formerly CAAMP - Canadian Association of Accredited Mortgage Professionals)
Mortgage Professionals Canada is a non-profit, national mortgage industry association representing 11,500 individuals and 1,000 companies, including mortgage brokerages, lenders, insurers and industry service providers. Our members make up the largest and most respected network of mortgage professionals in the country whose interests we represent to government, regulators, media and consumers. Together with our members, we are dedicated to maintaining a high standard of industry ethics, consumer protection and best practices.
The mortgage broker channel originates more than 35% of all mortgages in Canada and 55% for first-time buyers, representing approximately $80 billion dollars in annual economic activity. With this diverse and strong membership, we are uniquely positioned to speak to issues impacting all aspects of the mortgage origination process.
The mortgage broker channel is a critical and valuable profession. It creates possibility, fuels the economy and provides Canadians with choice when making the most important financial decisions of their lives. The
Member of FSRA - Financial Services Regulatory Authority - (Replaced FSCO - Financial Services Commission of Ontario)
FSRA officially started regulating financial services and pensions in Ontario on June 8, 2019.
FSRA regulates Ontario’s insurance sector, pension plans, loan and trust corporations, credit unions and caisses populaires, mortgage brokers and service providers who invoice auto insurers for statutory accident benefit claims.
FSRA replaced the Financial Services Commission of Ontario (FSCO) and the Deposit Insurance Corporation of Ontario as an integrated, independent and self-funded regulator for financial services and pensions.
FSCO was established under the Financial Services Commission of Ontario Act, 1997 (FSCO Act) with a legislative mandate set out in the FSCO Act.
FSCO previously regulated the insurance sector; pension plans; loan and trust companies; credit unions and caisses populaires; the mortgage brokering sector; co-operative corporations in Ontario; and service providers who invoice auto insurers for statutory accident benefits claims. FSCO is accountable to the Minister of Finance.