US EditionOnline mortgage lender Nesto acquires mortgage finance company CMLS Group
- "Nesto's CEO Malik Yacoubi emphasizes the commitment to providing a positive property financing experience to Canadians."
- The merger aims to enhance services and establish new industry standards.
- The acquisition boosts growth, benefiting employees, partners, and clients, with over 1,000 employees and $60 billion in mortgages under administration.
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Desmarais-Backed Mortgage Firm Nesto Acquires Lender CMLS
Nesto Inc., a Canadian online mortgage company backed by Montreal’s Desmarais family, struck a deal to acquire real estate financier CMLS Group, vaulting it to more than C$60 billion ($43.8 billion) in mortgages under administration.
·United States
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Online mortgage lender Nesto acquires mortgage finance company CMLS Group
MONTREAL — Online mortgage lender Nesto says it has acquired mortgage finance company CMLS Group. CMLS Group, one of Canada’s largest independently owned real estate finance companies, offers a wide range of commercial lending services, residential mortgages and institutional services. The combined company will have over 1,000 employees across 10 offices and more than $60 […]
·Toronto, Canada
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Coverage Details
Total News Sources22
Leaning Left9Leaning Right1Center4Last UpdatedBias Distribution64% Left
Bias Distribution
- 64% of the sources lean Left
64% Left
L 64%
C 29%
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