- Canada Life and nesto have entered into a strategic partnership to provide mortgage service and administration for Canada Life's residential mortgage customers
- Starting in
January 2024 , nesto will begin servicing and administration of Canada Life's residential mortgage portfolio - Existing Canada Life mortgage customers will gain access to nesto's award-winning customer service platform as part of a phased implementation plan in mid-2024
"We are very excited about nesto's award winning customer service platform which was an important factor in our decision to choose nesto. We wanted to ensure that our mortgage customers have a best-in-class partner passionate about offering great service for one of their most important investments," said
This announcement is the beginning of an important relationship between the two firms. In addition to servicing the existing mortgages starting
This partnership and mortgage transfer will increase nesto's mortgages under management to more than
"This partnership is totally aligned with our mission to offer a positive and transparent home financing experience, simplified from start to finish for all Canadians. For over 175 years, Canada Life has raised the bar when it comes to improving the financial well-being of Canadians. It's humbling for nesto to play a small role in
Canada Life is a leading insurance, wealth management and benefits provider focused on improving the financial, physical and mental well-being of Canadians. For over 175 years, individuals, families and business owners across
Canada Life is a subsidiary of
nesto is
nesto also enables Canadian Financial Institutions to transform their mortgage experience via nesto's proprietary technology: the nesto Mortgage Cloud.
- Awarded 2023 Canadian Mortgage Lender of the Year by the
Canadian Lending Association - Awarded Best Mortgage Lender by Forbes Advisor
- Awarded Deloitte's Technology Fast 50™ program winners for 2023
Certain statements in this news release constitute forward-looking information. Forward-looking information includes, without limitation, statements about the benefits of the strategic partnership between Canada Life and nesto. Forward-looking statements are not historical facts but instead represent only Canada Life's belief regarding future events, many of which, by their nature, are inherently uncertain and outside Canada Life's control. It is possible that actual results will differ, possibly materially, from the anticipated results indicated in these statements. Factors that could cause actual results to differ, possibly materially, from those in the forward-looking statements are discussed in periodic filings by Canada Life with Canadian securities regulators. These filings include Canada Life's management's discussion and analysis for the year ended
SOURCE
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