DLCG announces deal to buy Filogix
A consolidation of Canada’s mortgage plumbing
Filogix platforms link more than 8,000 mortgage brokers with approximately 350 lenders and other industry participants, supporting the mortgage application process from submission through underwriting and providing workflow, compliance, and data tools across the ecosystem. In the 12 months ended May 31, Filogix processed approximately $60 billion in funded mortgage volumes, according to DLC Group.
“This is a highly strategic acquisition for the DLC Group,” said Gary Mauris, co-founder and chief executive officer of Dominion Lending Centres Inc. in British Columbia.
“By bringing both Filogix and Velocity under the DLC Group banner, we significantly enhance our access to real-time market data and insights, while adding important redundancy across our critical connectivity infrastructure to ensure reliable and operational resilience for our customers.”
Despite landing under a common owner, Filogix will operate as a standalone, wholly owned subsidiary, remaining functionally separate from Newton Connectivity Systems.
DLC Group said the structure is intended to preserve uninterrupted service for existing Filogix customers and partners. The company committed to continued investment in Filogix’s technology infrastructure, customer service, and data security.
