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Partnership, Growth Results in 76 Strategic Alliance Mortgage Co-locations

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RISMEDIA, Dec. 6, 2007-MortgageBrokers.com Holdings Inc. announced that the company’s relationship with RE/MAX continues to expand across Ontario and Atlantic Canada. As of November 7th, 2008 over 40 Service Level Agreements have been signed totaling 76 RE/MAX offices, which represents in excess of 30% of the RE/MAX franchise network sales force.

On January 30th, 2006, Mortgagebrokers.com and RE/MAX Ontario-Atlantic Canada entered into a 10-year License Agreement. Pursuant to this agreement, the Company is providing its expertise, known as the “Mortgage Broker Solution,” with respect to North American mortgage finance and origination business solutions to RE/MAX O-A franchisees. This alliance provides Mortgagebrokers.com the opportunity to expand its presence across Canada – as well as to other regions in the United States and Europe.

According to the company, RE/MAX is one of Canada’s leading real estate organizations with CAD $32 billion in sales and over 15,600 sales associates in more than 610 independently-owned and operated offices. The RE/MAX franchise network, now in its 33rd year of consecutive growth, is a global real estate system operating in over 62 countries. More than 6,000 independently-owned offices engage over 114,000 member sales associates who lead the industry in professional designations, experience and production, while providing real estate services in residential, commercial, referral, relocation and asset
management.

Alex Haditaghi, CEO of Mortgagebrokers.com adds: “In addition to this mutually beneficial relationship we have with RE/MAX, we are also providing the real estate agents with a pension savings plan managed by our partners at Manulife Financial. Under the plan, a portion of the finder’s fee on mortgages will go towards a savings plan for the referred real estate agent. Manulife’s role will be to manage this fund for RE/MAX and MortgageBrokers.com.”

For more information, visit http://www.manulife.com and www.MortgageBrokers.com.

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Categories: Real Estate