Maple, Nesto, and CMLS join forces to accelerate tech-driven mortgage innovation
Maple Financial, a Canadian alternative mortgage lender, received a strategic equity investment from Nesto Group through its subsidiary CMLS. Financial details of the investment were not disclosed.
The partnership combines Maple’s Broker Relationship Management (BRM) underwriting, Nesto’s digital platform, and CMLS’s national reach to transform alternative lending for brokers and borrowers across Canada.
Andrew Gilmour, senior vice-president, residential at CMLS, said the investment reflects a broader industry shift. “Canadians are increasingly turning to the broker channel to access a wider range of lenders, competitive rates, and personalized guidance,” Gilmour said.
“CMLS is committed to supporting Canadians through their homeownership journeys with top-of-the-line products and providing brokers with optionality—whether it’s through our CMLS-branded AVEO solution or Maple’s mortgage product.”
Daniel Webster, president of Maple Financial, said the partnership “unites two of Canada’s most innovative mortgage organizations.”
He added: “Nesto and CMLS combine state-of-the-art mortgage technology and servicing expertise. Maple will leverage Nesto’s digital platform and CMLS’s robust lending, advisory, and asset management capabilities to expand our product shelf, improve speed to market, and deliver more choice and transparency to brokers, borrowers, and institutional partners.”
Maple offers a range of alternative mortgage products tailored to borrowers who may not qualify under conventional lending criteria, working closely with brokers to deliver flexible solutions. This would help borrowers amid the Royal Bank of Canada's projection that affordability gains in Canadian housing market show signs of slowing.
Nesto Group is a Montreal-based fintech and a provider of mortgage technology and financing solutions. The group operates through three primary brands: Nesto (digital mortgage platform), CMLS (lending and servicing), and Nesto Cloud (technology solutions for the mortgage industry).
Nesto Group administers over $73 billion in residential and commercial mortgages, serving both consumers and major financial institutions nationwide. The company’s mission is to build Canada’s mortgage ecosystem of the future, leveraging digital innovation to streamline the lending process and expand access to mortgage solutions.
In June, Nesto Group extended its commercial lending operations in Quebec, adding new offices in Quebec City and Montreal to strengthen its national footprint.
CMLS, meanwhile, provides commercial and residential mortgage lending, servicing, and asset management. It operates a national platform, supporting both institutional and individual clients, and is recognized for its AVEO suite of residential mortgage products. The company services billions in mortgages and is a key subsidiary of Nesto Group following its acquisition in 2024.
For Maple, known for its distinctive BRM underwriting model and high-touch service, the investment offers both capital backing and access to advanced technology and servicing capabilities. The company said the collaboration will help drive innovation in the alternative lending space while maintaining its personalized approach to broker partnerships.
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