TORONTO, April 4, 2012 /CNW/ - Canada Guaranty announced today that its comprehensive suite of mortgage default insurance products is now available through Scotiabank. The companies' shared commitment to delivering service excellence is demonstrated through a dedication to offering Canadian borrowers a variety of mortgage solutions that promote greater opportunities for successful homeownership.
"Canada Guaranty is delighted to partner with Scotiabank and looks forward to supporting its multiple origination channels grow their business," said Andy Charles, President and CEO of Canada Guaranty. "For Canada Guaranty, a 100% Canadian private mortgage insurer, this partnership represents a tremendous opportunity for significant growth within the marketplace."
"We are pleased to introduce Canada Guaranty as our newest mortgage default insurer and a key partner to support our continued success and growth in the industry," said John Webster, Head, Real Estate Secured Lending and Scotia Mortgage Authority, Scotiabank. "Canada Guaranty offers additional choice to our business teams by providing more solutions to support our customers' diverse needs."
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
Scotiabank is one of North America's premier financial institutions and Canada's most international bank. With more than 77,000 employees, Scotiabank and its affiliates serve some 19 million customers in more than 55 countries around the world. Scotiabank offers a broad range of products and services including personal, commercial, corporate and investment banking. With assets above $637 billion (as at January 31, 2012), Scotiabank trades on the Toronto (BNS) and New York Exchanges (BNS). For more information please visit www.scotiabank.com.
For further information:
President & Chief Executive Officer
416.640.8931 | [email protected]