TORONTO, Nov. 25, 2013 /CNW/ - Canada Guaranty announced today that their mortgage default insurance products are now available through MCAP. Through this partnership, mortgage professionals will have access to even more options to better assist their borrowers when purchasing or refinancing a home.
"This partnership represents an opportunity for MCAP to further support our growing client base," said Paul Bruce, Managing Director, Single Family Origination at MCAP. "The addition of Canada Guaranty to MCAP's mortgage insurance partners reinforces our desire to realize the benefits of increased competition and our commitment to highlighting the important role private mortgage insurers represent to our industry."
"MCAP has a very long track record of success in the mortgage industry and we are delighted to welcome MCAP to our growing list of national lenders," said Andy Charles, President and CEO of Canada Guaranty.
Both Canada Guaranty and MCAP are committed to ensuring Canadians continue to benefit from greater access to solutions that meet their diverse homeownership needs. To learn more about the products and services available through Canada Guaranty, please contact your dedicated Account Executive or speak with a member of our National Underwriting Team at 1.877.244.8422.
About Canada Guaranty Mortgage Insurance Company
As the only 100% Canadian-owned private mortgage default insurer, Canada Guaranty Mortgage Insurance Company is backed by the leading financial strength of its ownership group, comprised of the Ontario Teachers' Pension Plan and National Mortgage Guaranty Holdings Inc. Working with industry partners to promote greater access to sustainable homeownership, Canada Guaranty offers mortgage and lending professionals improved choice through service excellence and a comprehensive suite of mortgage default insurance solutions. With headquarters in Toronto and a growing team providing national coverage, Canada Guaranty remains committed to meeting the diverse needs of homebuyers across the country. For more information, please visit: www.canadaguaranty.ca
MCAP is one of Canada's leading independent mortgage financing companies, operating in three lines of business: residential mortgages, commercial mortgages and construction loans. With over 600 professionals in 9 offices and over $40 billion in mortgages under administration, the MCAP Group originates, trades and services residential, construction and commercial assets across Canada.
SOURCE: Canada Guaranty Mortgage Insurance Company
For further information:
Mary Putnam, Vice President, Sales and Marketing