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Cervus Financial Launches Multi-Tiered Mortgage Partners Program To Access $8.5 Billion In Additional Deal Flow.

Publication: Business Wire
Publication Date: 17-MAY-05 		Format: Online - approximately 927 words
Delivery: Immediate Online Access

Article Excerpt
TORONTO -- Cervus Financial Group Inc. ("Cervus"), (TSX:CFG), is a financial services company dedicated to providing mortgages through selected mortgage brokers. The Company announced today that it has launched a new Multi-Tiered Partners program to increase mortgage volume agreements from $21.5 billion to $30 billion. The new partners program introduces three levels of partnership: Direct Partner, Associate Partner and Affiliate Partner.

To qualify as a Direct Partner, the mortgage broker firm must be able to demonstrate that it has sufficient mortgage origination volumes to make a volume commitment of $100 million per year for five years to Cervus. Currently, Cervus has 15 Direct Partners that have committed $21.5 billion over the next five to seven years. It is estimated that there are 30 firms in Canada with the ability to make this level of volume commitment.

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