User:JeremyDLC/sandbox

Dominion Lending Centres was founded in Port Coquitlam B.C. in 2006 by two friends Gary Mauris and Chris Kayat. They were both successful entrepreneurs in their own right when they decided to enter the mortgage industry with DLC. The company maintained steady growth each year. By 2011, the company was had collectively funded more than $11 billion and had nearly 2,000 brokers and more than 100 franchises across the country. In 2013, DLC expanded by acquiring Mortgage Centre Canada (MCC), which had 160 store front locations and 1,000 brokers. MCC continues to operate independently of DLC. By 2016, DLC had already cemented itself as the largest mortgage originator in the industry, but a new company was set to enter the fold. DLC purchased Mortgage Architects (MA) which at the time had 1,287 mortgage agents and brokers. While MA operates independently DLC, the DLC group of companies had nearly 5,000 brokers and $32 billion in mortgage volume. That same year, Gary Mauris and Chris Kayat sold 60 per cent stake in the company to Alberta-based Founders Advantage Capital, a publicly traded company. Gary Mauris and Chris Kayat retained a 40 per cent interest in DLC and continue to manage the day-to-day business and operations. By 2018, the DLC group of companies had more than 5,000 brokers and originated $38 billion in mortgages across the country.

On September 25th, 2018, Gary Mauris and Chris Kayat announced they purchased a majority ownership in FA Capital, DLC's parent company since June 2016.