Mortgage lender Macquarie Financial Ltd. is opening a Vancouver office to provide regional underwriting service to mortgage brokers in British Columbia and Alberta. The opening marks the latest expansion for Macquarie Financial as it rolls out a model focused on better serving mortgage brokers across the country. The office will be located in the Park Place building at 666 Burrard St.

With offices in Toronto, Montreal, Calgary and now Vancouver, Macquarie Financial offers residential mortgages through a network of professional mortgage brokers who focus on building long-term relationships with borrowers. Brokers have access to Macquarie Financial preferred rates that are consistently lower than bank posted rates, that they in turn pass on to borrowers without the need to negotiate.

“A Vancouver office is the next logical step for Macquarie Financial, enabling us to be closer to our western broker network and giving us the regional expertise to better serve more localized needs,” said Grant MacKenzie, CEO of Macquarie Financial.

“We’re in this business for the long-term and there’s no better way to show our commitment to the market than to establish a western presence and grow alongside our brokers and customers in the key Canadian mortgage markets of BC and Alberta,” added MacKenzie.

Macquarie Financial focuses on building long-term relationships with mortgage brokers by supporting them on many levels of their business. Brokers are compensated with a unique trailer fee model that pays out a higher rate than competitors over the term of the mortgage, while rewarding renewals on mortgages to encourage a long-term approach to service.