Centract Settlement Services

Centract Settlement Services
Multi-Prets

Multi-Prets

December 03, 2007 12:08 ET

Centract and Multi-Prets Mortgage Brokers Continue Successful Partnership into 2008

MONTREAL, QUEBEC--(Marketwire - Dec. 3, 2007) -

ATTENTION: BUSINESS/REAL ESTATE EDITORS/JOURNALISTS

Quebec's largest mortgage broker, Multi-Prets, has announced it will continue its partnership with Centract Settlement Services as part of a strategy to enhance the availability of services to Quebec brokers in 2008.

Centract Settlement Services provides fixed-price legal closing services in Quebec, which saves mortgage brokers considerable time, both in upfront management of relationships with notaries and in terms of turnaround time on client transactions.

Multi-Prets Mortgage Brokers Senior Sales Manager, Christine Lemieux said that their relationship with Centract has been positive and both firms are ready for the next step. Said Lemieux: "We are delighted with our partnership with Centract and look forward to adding further value to our clients as we leverage Centract technology to provide additional support for our brokers."

Multi-Prets Mortgage Brokers is Quebec's largest mortgage brokerage with over 480 agents across the province. As the preferred supplier of fixed-price legal closing services to Multi-Prets, Centract offers competitive pricing and cost certainty, while providing Multi-Prets agents with access to an established network of experienced notaries. Centract supports brokers by monitoring the status of their transactions from receipt to completion.

Anne Bizier, Director of Business Development for Centract in Montreal says, "Multi-Prets was Centract's first broker partnership in Quebec, representing Centract's commitment to integrate with progressive Quebec partners by providing services which allow them to focus on their core objective-serving their clients."

Bizier said Centract plans to introduce their new bilingual technology platform to Quebec in 2008, which will provide Multi-Prets agents with a single source for online ordering Centract products and services. "Centract's bilingual broker platform will bring even greater efficiencies to Multi-Prets brokers," she said. "We are pleased to be counted as one of Multi-Prets business partners."

Founded in Montreal in 1981, Multi-Prets Hypotheques generated more than $22 million in revenue in 2006, with 38 employees and 480 agents in Quebec. For that same year, Multi-Prets Hypotheques completed approximately 20 thousand mortgage transactions totaling over $2.5 billion. Multi-Prets is the largest mortgage brokerage company in Quebec.

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, totaling $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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