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Stocks in play: VersaBank

Baystreet.ca
·1 min read

Has appointed veteran real estate finance executive, Jim Gardiner, to the position of Product Champion, Instant Mortgage, to lead the Bank’s new Instant Mortgage lending business. Gardiner brings more than thirty years of real estate lending experience to VersaBank’s Instant Mortgage business. Based on the same underlying technology and value proposition as VersaBank’s highly successful Point-of-Sale software solution for “big ticket” consumer purchases, Instant Mortgage is a high-volume application for real estate developers and brokers that enables the Bank to meaningfully enter the $200-billion home financing market, creating its third lending vertical. VersaBank shares T.VB are trading unchanged at $6.70.

Read: Virtual Events Could Lead to a Potential $774 Billion Opportunity