Centract Settlement Services

Centract Settlement Services
Centum Financial Group Inc.

Centum Financial Group Inc.

December 03, 2007 12:17 ET

CENTUM Financial Group and Centract Move Forward Together With Strategic Partnership

TORONTO, ONTARIO--(Marketwire - Dec. 3, 2007) - Centract Settlement Services today announced their preferred supplier relationship with Centum Financial Group, providing appraisals and home closing legal services to Centum franchises nationally.

Don Lawby, President, Centum Financial Group, said, "BrokerWorx technology is an excellent fit with Centum business objectives. Providing our franchise owners and agents with business tools and technology that will help them grow their business is what Centum is all about."

Centract's mortgage broker offering, BrokerWorx, is a secure online platform Canadian mortgage brokers use to order appraisals and fixed-price home closing legal services. BrokerWorx launched in January 2007 and has grown to over 1200 registered users.

BrokerWorx provides mortgage agents and brokers with 24/7 secure access to a single source for ordering appraisals and legal closing services. Along with competitive pricing and cost certainty, BrokerWorx allows busy mortgage brokers and agents to better manage the administrative aspects of their transactions.

Lawby said using BrokerWorx technology as a tool to ultimately improve customer service and grow their business appealed to Centum.

Referring to the Centum partnership, Wayne N. Davis, Centract's National Director, Broker Services said, "We are extremely pleased to be part of Centum's long-term growth strategy within the Canadian mortgage industry. Our alliance is a testament to our shared vision of adding value to the mortgage broker and agents via the BrokerWorx platform."

Centum Financial Group Inc. is a federally incorporated company that is part of a global network of franchise organizations that include financial services, real estate, travel services and hotel accommodations. Launched in October 2002, the CENTUM network has rapidly grown to include over 175 member locations that employ over 1200 mortgage agents across Canada. For more information please visit www.centum.ca.

Centract Settlement Services is the preferred supplier of appraisal, legal and recovery services to Canadian mortgage lenders, brokers and corporations. Centract and sister companies Royal LePage Relocation Services and HomeServe Technologies are the largest buyers of Canadian residential real estate services, totalling $1.6 billion annually. Centract is wholly owned by Brookfield Asset Management (TSX:BAM); an asset manager with over $90 billion under administration.

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