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xceed mortgage corporation
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Xceed Mortgage Corporation was a publicly-traded Canadian mortgage originator and lender, founded in 1997. The company specialized in providing alternative residential mortgage solutions to borrowers who did not meet the underwriting criteria of traditional financial institutions. It sourced its mortgage applications primarily through a national network of independent mortgage brokers. In a significant industry consolidation, Xceed Mortgage Corporation was acquired by MCAN Mortgage Corporation (TSX:MKP) in October 2013, after which its operations were fully integrated into MCAN, and it ceased to exist as an independent entity.
Canada
Industry
Financial