Nesto, a Desmarais-backed Canadian online mortgage company, acquires CMLS Group, Canada's third-largest mortgage finance company, significantly expanding its operations and offerings.
Nesto, a Canadian online mortgage company backed by the Desmarais family, has acquired CMLS Group, the third-largest mortgage finance company in Canada. The deal significantly expands Nesto's operations, leading to over $60 billion in mortgages under administration. The acquisition also allows Nesto to offer both residential and commercial mortgages and positions it as the largest technology-enabled lender in Canada.
June 21, 2024
6 Articles