Lender History:
CMLS Financial, founded in 1974, is one of Canada’s largest independent mortgage services companies. Originally focused on commercial mortgages, they expanded into residential lending in 2012. Today, CMLS manages a mortgage portfolio exceeding $45 billion and offers a full range of mortgage solutions across Canada.
Lender Niches
CMLS Financial offers specialized mortgage solutions tailored to a variety of borrower needs. Their niches include a rental program designed specifically for new investors, flexible HELOC options, and no stress test mortgages to simplify approval. Additionally, CMLS provides a graduate program that helps clients transition from their alternative lending brand, Aveo, to prime mortgage products.
Factors to consider:
CMLS operates exclusively online and does not have physical branches or traditional banking services. They offer a range of commercial lending options alongside residential mortgages. It’s important to note that qualifying ratios vary depending on the borrower’s credit score, so qualification requirements may differ from traditional lenders.
Contact Information and Links for CMLS:
Head Office Location:
18 York Street
Suite 1500
Toronto, ON M5J 2T8Contact Information:
Phone: 1.888.995.2657
Email: service@cmls.ca
