 |
|
| In October 2002, ResMor Capital Corporation and
Equisure Financial Network Inc., a subsidiary of ING Canada,
entered into an agreement for ResMor to purchase Nova Scotia-based
Equisure Financial Management Limited, the parent company of
Equisure Trust Company and Evangeline Securities Limited. The acquisition provided ResMor with the ability to accelerate its plan to launch a national mortgage banking company by building upon Equisure Trust's mortgage lending and distribution infrastructure. After the completion of the acquisition, ResMor moved operations to Calgary, AB where the Company is currently providing residential mortgage products and services across Canada. ResMor originates mortgages through a network of mortgage brokers. These mortgages are underwritten and funded centrally through the ResMor head office. The mortgages are then assembled into pools and then sold either as Mortgage-backed Securities or directly to financial institutions. |
|
| Products & Services: | ResMor primarily operates as a mortgage
banker by originating, selling and servicing mortgages. ResMor's primary focus is on insured mortgages. Financial institutions have a strong demand for this product. For small to mid-size institutions, it is more economical to purchase than to originate such mortgages. This demand provides the opportunity for ResMor to originate and sell mortgages to these institutions and to provide ongoing servicing and administration after the sale. |
| Facilities: | Calgary, AB |
| Acquired: | April 2003 |
| Divested: | November 2007 |
| Website: | www.resmor.com |
