Office address: #490-1140 W Pender Street, Vancouver, BC V6E 4G1 
Year established: 2005 
Company type: financial services  
Employees: 3,800+ 
Expertise: mortgage, financing, real estate, and loans 
Parent company: M3 Mortgage Group 
CEO and key people: W. Mark Squire, President and COO 
Financing status: corporate-backed or acquired   

Verico has established itself as a top choice for Canadians seeking mortgage solutions. With a significant portion of Canadians choosing mortgage brokers over major banks, Verico's appeal lies in its comprehensive services and customer-centric approach. Verico is headquartered in Vancouver and is part of the M3 Mortgage Group.    

History of Verico 

Founded in 2005, Verico embarked on a mission to unite Canada's top mortgage originators, fostering a community of highly driven professionals. This initiative quickly positioned Verico as a formidable entity in the mortgage sector.  

The company reached a milestone in 2010 with $10 billion collective loan volume. This figure rivalled the mortgage business of Canada's Big Five banks. Today, Verico originates over $18 billion yearly and helps more than 45,000 families with their mortgage needs.   

Products and Services of Verico 

Verico offers products and services to meet the varied needs of its clients. These include:   

  • mortgage advisory services: offering personalized mortgage solutions through a network of experienced advisors 

  • competitive mortgage rates: facilitating lower interest rates through partnerships with multiple lenders, including major banks and financial institutions 

  • insurance services: a forthcoming addition to Verico's portfolio, aimed at protecting clients' families and homes   

Culture at Verico 

Verico fosters a culture of collaboration and excellence, with over 230 mortgage business owners and entrepreneurs sharing its ideals. This culture is rooted in professional ethics, excellence, and a commitment to helping families build better lives. The company's ethos is reflected in its network of independent brokers, each operating with a high degree of autonomy and shared values. 

Verico was a big winner at Canadian Mortgage Professional’s Top Mortgage Employers for 2023. It won Gold awards in the Compensation, Benefits, Reputation, and Culture segments under the Networks category.    

About Verico President and COO W. Mark Squire 

W. Mark Squire, the President and COO of Verico, brings over 30 years of experience in the financial industry. His career began at CIBC, followed by significant roles at National Bank of Canada and Manulife. At Verico, Mark is instrumental in shaping the company's strategic direction, leveraging his extensive experience to foster growth and innovation in the mortgage industry. 

Squire holds a degree in Business Economics from Brock University. He also completed courses with the Canadian Securities Institute and Dalhousie University & ICB. 

The Future at Verico 

Verico is on pace for continued growth and advancement. The company's commitment to professional excellence and ethical standards, combined with its focus on adapting to the evolving needs of the mortgage industry, positions it well for even more success.  

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