INVIS is the biggest independent mortgage broker in Canada, and its acquisition by PMG could result in a major shift in Canada’s mortgage industry.
The INVIS acquisition is a major move for PMG. It would not only strengthen the company’s presence in the western provinces but also bring in a large network of brokers to PMG’s fold. The new network would span across the country and create a massive national brand. This would also allow PMG to offer the best rates in the industry due to its increased bargaining power.
Additionally, the acquisition would make PMG the largest mortgage brokerage firm in Canada. PMG would also be able to utilize INVIS’ expertise in the mortgage industry and benefit from its cutting-edge technology. This will allow PMG to stay ahead of the competition and provide better services to its clients.
Besides this, the INVIS acquisition would also give PMG access to a larger strategy and risk-management portfolio. INVIS also has a long and successful track record of providing high quality investments for its customers. This will enable PMG to expand its range of financial products and services to its customers.
However, the acquisition is not yet a done deal and there are still several hurdles that need to be crossed. There are some regulatory issues that the two companies need to deal with before finalizing the deal. It is expected that the two firms will soon come to an agreement regarding the terms of the acquisition.
In summary, Pacific Mortgage Group (PMG)'s offer to acquire INVIS could potentially revolutionize the Canadian mortgage industry. Should the acquisition be accepted, it would bolster PMG’s presence in the western provinces and create a large network of brokers across the entirety of the country, enabling PMG to offer the best rates in the industry. Additionally, it would make PMG the largest mortgage brokerage firm in Canada, utilize INVIS’ expertise and provide its customers access to a wider range of financial products and services. As of now, the two companies are looking to come to an agreement on the terms of the acquisition, which may still take some time.
This article was contributed on Jul 31, 2023
