BV Funding Corp. managed by Mr. Barry Patchett and Mr. Rocco Vasco Joins
MortgageBrokers.com Holdings, Inc. - PROFIT Magazine's No.1 ranked
Company in their "9th Annual Hot 50 List of Canada's Emerging Growth
TORONTO, Sept. 22 /CNW/ - MortgageBrokers.com Holdings, Inc.
(OTCBB: MBKR, the "Company"), one of North America's fastest growing mortgage
broker brands and mortgage consolidation companies is pleased to announce that
BV Funding Corp., managed by Mr. Barry Patchett and Mr. Rocco Vasco, veterans
of Canadian Mortgage industry, has joined the MortgageBrokers.com team.
Gary Laughlin, Mortgagebrokers.com Senior Vice President of Sales states
"'we continue to attract seasoned and successful professionals as a result of
our dedication to building a solid foundation of integrity, professionalism,
and expertise. What puts us a cut above the competition is our commitment to
providing state-of-the-art technology, payroll, compliance and marketing
support systems for our brokers.
"MortgageBrokers.com ownership proposition was one of the keys for us,"
says Patchett. "As the Company grows, I want to be in an ownership position.
Too many successful brokers are working hard to create equity for someone
else. Why would I want to build some one else's business when I can build my
Mr. Rocco Vasco added: "Mortgagebrokers.com strategic alliances with
companies such as RE/MAX Ontario/Atlantic ("RE/MAX O/A") were another big
factor for us. The relationship between RE/MAX O/A and MortgageBrokers.com and
its Registered Retirement Savings Plan ("RRSP") program through Manulife is a
very unique concept. It's very comforting to know that there is a strong
business relationship there, enabling us to obtain new customers through a
strong referral program.
On June 1, 2006, MortgageBrokers.com officially launched and began
deployment of its mortgage origination business model into participating
RE/MAX O/A franchises as part of their 10-year integrated licensing and
marketing agreement with MortgageBrokers.com. RE/MAX O/A and several of its
broker/owners have invested $2.1 Million in MortgageBrokers.com. Under this
program RE/MAX O/A real estate agents are offered a pension savings plan
managed by our partners at Manulife Financial (www.manulife.ca/REMAX). Under
the plan, a portion of the finder's fee on mortgages will go towards a savings
plan for the referred real estate agents. Manulife's role will be to manage
this fund for RE/MAX O/A and MortgageBrokers.com.
About Manulife Financial
Manulife Financial is a leading Canadian-based financial services group
serving millions of customers in 19 countries and territories worldwide.
Operating as Manulife Financial in Canada and Asia, and primarily through John
Hancock in the United States, the Company offers customers a diverse range of
financial protection products and wealth management services through its
extensive network of employees, agents and distribution partners. Funds under
management by Manulife Financial and its subsidiaries were Cdn$400 billion
(US$393 billion) as at June 30, 2008.
Manulife Financial is one of two publicly traded life insurance companies
whose rated life insurance subsidiaries hold Standard & Poor's Rating
Services' highest "AAA" rating. Its risk management framework is described as
"Excellent" in Standard & Poor's' most recent ERM Level II report. The Company
also placed first overall in the Globe and Mail's annual ranking of Corporate
Governance in Canada.
Manulife Financial Corporation trades as 'MFC' on the TSX, NYSE and PSE,
and under '0945' on the SEHK. Manulife Financial can be found on the Internet
Mortagebrokers.com, recently voted Canada's No.1 Emerging Growth Company
in PROFIT Magazine's "9th Annual Hot 50 List of Canada's Emerging Growth
Companies" is dedicated to re-branding over 40,000 small and medium mortgage
brokerage (SME) firms in North America while providing these entities
scalability through a centralized shared services platform.
MortgageBrokers.com is designed to facilitate continued ownership for these
SME brokers while they work under the umbrella of one globally recognized
brand. The Company provides centralized services in the areas of payroll and
accounting, compliance, marketing, technology, HR and lead generation to
afford its brokers improved access to potential customers through strategic
alliances and partnerships. MortgageBrokers.com also provides its national
team the opportunity to leverage origination with lending institutions,
establish higher referral fees from lenders, and give its team members the
ability to earn ownership in a publicly-traded entity with the goal of an
eventual career exit strategy.
Safe Harbour and caution forward looking statements
Statements included in this press release, which are not historical in
nature, are intended to be, and are hereby identified as 'Forward-Looking
Statements' for purposes of safe harbor provided by Section 21E of the
Securities Exchange Act of 1934, as amended. Forward-Looking Statements may be
identified by words including 'anticipate,' 'await,' 'envision,' 'foresee,'
'aim at,' 'plans,' 'believe,' 'intends,' 'estimates,' 'expects' and 'projects'
including without limitation, those relating to the company's future business
prospects, and are subject to certain risks and uncertainties that could cause
actual results to differ materially from those indicated in the
Forward-Looking Statements. Please be aware that any opinions, estimates or
forecasts regarding MortgageBrokers.com's performance made by analysts are not
endorsed by MortgageBrokers.com and do not represent the opinions, estimates
or forecasts of MortgageBrokers.com or its management. Readers are directed to
the company's filings with the U.S. Securities and Exchange Commission for
additional information and a presentation of the risks and uncertainties that
may affect the company's business and results of operations. www.sec.gov.
For further information:
For further information: Jody Janson, iStockDaily Inc., (585) 232-5440,
firstname.lastname@example.org; or Alex Haditaghi, CEO, Mortgagebrokers.com, (416)