Boomerang Financial Launches Alternative Mortgage Lending Division

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The Canadian mortgage lending landscape is quickly changing. With the addition of an alternative lending division, Boomerang will be able to capture a bigger market share, while meeting the growing financing needs of Canadians.

With the recent rule changes in the Canadian mortgage market, and increasing household debt levels, clients need options." - Chris Cabel

VERICO Boomerang Financial Inc., operating as Boomerang Financial, is pleased to announce the appointment of Chris Stewart as Manager, Alternative Markets. Chris will be responsible for launching the Boomerang BOLD, Alternative Mortgage Lending Program.

Prior to joining Boomerang Financial, Chris worked in various capacities within the Canadian retail lending industry. Beginning his career with a major Canadian bank, he later joined the Canadian division of an international finance company and has extensive experience in operations, consumer and automotive financing, business development, mortgage underwriting and management. Chris joined a national mortgage broker company where he specialized in developing and securing residential mortgage financing business within the alternative mortgage lending markets.

With over 20 years experience in the retail lending industry, spanning various provinces, Chris’ truly national outlook is augmented by his east coast personality.

Stewart said, “I look forward to building the dynamic Boomerang BOLD Program within the Boomerang Financial Team, which has a reputation for its superior performance, strong core values, and sound business strategies.”

“Chris will be a great addition to the Boomerang Financial team, and we know that he is excited to develop a strong alternative lending channel for our clients and business partners. Boomerang Financial is now a complete “One Stop Shop” for our clients’ residential mortgage solutions”, said Wayne Kainu, Vice-President.

Chris Cabel, Vice-President, said “With the recent rule changes in the Canadian mortgage market, and increasing household debt levels, clients need options. Creative mortgage strategies will help them achieve there financing goals. We know this need will continue to grow, and this puts us in a great position to be a leader in the alternative mortgage lending channel”.

About VERICO Boomerang Financial Inc
Boomerang Financial is a member of the VERICO Mortgage Broker Network and is a finance company and full service mortgage brokerage. Boomerang Financial offers professional advice and strategic financing to achieve the most efficient financial solution possible. Boomerang Financial specializes in refinances and renewals as well as commercial financing including capital commercial leasing. Boomerang Financial is committed to ensuring their clients choose the best financing option that will exceed the individual’s expectations. For additional information about VERICO Boomerang Financial Inc, please visit: http://www.boomerangfinancial.com

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Rachel Rogerson
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