Dominion Lending Centres Westcor Mortgage is celebrating 36 years this year!
We want to send out a huge thank you and appreciation to all of our clients and partners for working with us over the years. This past year has been a real test for our city, and our company, as we are still undergoing renovations following the June floods. We are very proud of our city, our business and the people we get to work with every day.
A little bit of history on Westcor Mortgage:
Dominion Lending Centres Westcor was established in 1977 in Calgary as a mortgage brokerage operation, charging clients a fee for arranging the mortgage financing on residential and commercial mortgages.
A year later Dominion Lending Centres Westcor introduced a unique concept to the mortgage brokerage industry – residential mortgage financing to the typical consumer without a service/brokerage fee.
Excellent working relationships with Canada and Calgary’s major lending institutions quickly made it feasible for Dominion Lending Centres Westcor to replace revenue from customer fees with referral fees from the lending institutions, without an increase in the interest rates made available to Dominion Lending Centres Westcor’s customers. Westcor became the first brokerage house in Calgary, Alberta to offer a “no-fee” service for arranging residential mortgages*.