CMP names HomeEquity Bank as winner of 2022 5-Star Mortgage Product Award for Reverse Mortgage Products
TORONTO, July 21, 2022 – Today, Canadian Mortgage Professional (CMP), a subsidiary of KeyMedia Group, awarded HomeEquity Bank the winner of the 2022 5-Star Mortgage Product for Reverse Mortgages. To determine Canada’s best mortgage products, CMP conducted an online survey, asking brokers about their preferences and priorities when selecting mortgage products for their clients. The survey was open to brokers across Canada, who were asked to provide product recommendations across a range of different areas, including re
Continue Reading...
HomeEquity Bank to be Acquired by Ontario Teachers’
Dear customers, I’m delighted to share that HomeEquity Bank is being acquired by Ontario Teachers’ Pension Plan (Ontario Teachers’), subject to regulatory approval, which we expect to occur in the first half of 2022. This is great news for HomeEquity Bank, our customers, partners, and employees. It is a testament to the success of our business strategy and to the amazing work of our talented team. There will be no impact on our day-to-day – it’s business as usual for HomeEquity Bank through the transiti
Continue Reading...
HomeEquity Bank Communication – COVID-19
Dear customers, Like you, we at HomeEquity Bank are closely following the developments related to COVID-19 and the impact it is having on Canadians across the country. The health and safety of our customers, employees and partners is our top priority and we are taking every precaution to minimize the risks associated with the virus. With that in mind, we have taken numerous actions to ensure the level of service you’ve come to expect from us continues uninterrupted as we modify our daily operations to help preven
Continue Reading...
Canadian Business names HomeEquity Bank to their 30th annual list of Canada’s Fastest-Growing Companies
TORONTO, Sept. 13, 2018 /CNW/ - Today, Canadian Business and Maclean’s recognized HomeEquity Bank providers of the CHIP Reverse Mortgage®(chip.ca) on their 30th annual Growth 500 - the definitive ranking of the Fastest-Growing Companies in Canada. Published in the October issue of Canadian Business magazine published with the October issue of Maclean’s and at CanadianBusiness.com, the Growth 500 ranks Canadian businesses by their five-year revenue growth. HomeEquity Bank , a federally-regulated, Schedule 1 Canadia
Continue Reading...
HomeEquity Bank Featured on 680 News
Joyce Wayne was featured on 680 News Toronto on June 9 and 10 explaining the benefits of the CHIP Reverse Mortgage® and how it can help Canadian Homeowners aged 55+ continue to live in their homes while making possible the pursuit of new careers and pursuing their passions. Listen to the full segment now. Listen Now About HomeEquity Bank HomeEquity Bank, a federally-regulated, Schedule 1 Canadian bank, is the only national provider of the CHIP Reverse Mortgage® solution. Founded 30 years ago, HomeEquity Bank has b
Continue Reading...
Deepfakes are helping scammers take fraud to new lows
A deepfake Keanu Reeves is hosting HomeEquity Bank’s new anti-fraud series 60 per cent of the world’s phishing attempts are targeted towards Canadians TORONTO, March 21, 2023 - HomeEquity Bank, provider of the CHIP Reverse Mortgage, today released a new educational video series called Unmask the Scam that shows just how easy it is to create and run a convincing deepfake scam. According to the Canadian Anti-Fraud Centre (CAFC) fraud and cybercrime reports are up 40 per cent from the year before, and totalled C$530m in v
Continue Reading...
HomeEquity Bank total reverse mortgage portfolio exceeds $6 billion in 2022
Reverse mortgage originations surpass $1B for the second time TORONTO, Jan. 18, 2023 - HomeEquity Bank, provider of the CHIP Reverse Mortgage, reported more than $1 billion in reverse mortgage originations for 2022, making it the second year the bank has surpassed the billion-dollar mark. This milestone represents a 30 per cent increase over 2021. The value of the bank's total reverse mortgage portfolio under management now stands at $6.28 billon, further entrenching it as Canada's undisputed market leader. In 2022, the ban
Continue Reading...
Waterstone Human Capital Names HomeEquity Bank to its Most Admired Corporate Cultures list for the First Time
TORONTO, ON, November 24, 2022 – HomeEquity Bank, provider of the CHIP Reverse Mortgage, is pleased to announce it has been recognized in the Waterstone Human Capital Most Admired™ Corporate Cultures list for the first time. Canada’s Most Admired Corporate Cultures is a national program, now in its 19th year, that annually recognizes best-in-class Canadian organizations for having cultures that have helped them enhance performance and sustain a competitive advantage. HomeEquity Bank was named to the list in the Mid
Continue Reading...
Home is where the heart is this Remembrance Day: HomeEquity Bank reminds Canadians of wartime sacrifice with Letters Home, a new Digital Poppy fundraiser that shares real letters from Canadian soldiers with current homeowners
Authentic letters sourced from the Canadian Letters & Images Project connect Canadians with soldiers who fought in the First and Second World Wars, providing an honest and thought-provoking reminder of their sacrifice The historical letters are being delivered to their original destinations across Canada and include QR codes to help drive Digital Poppy sales at mypoppy.ca Letters-Home.ca is an interactive tool to help Canadians of all ages feel connected to veteran stories TORONTO – Nov. 2, 2022
Continue Reading...
The Globe and Mail Names HomeEquity Bank in its Ranking of Canada’s Top Growing Companies for a Third Time
TORONTO, ON, September 23, 2022 – HomeEquity Bank, provider of the CHIP Reverse Mortgage, is pleased to announce it has been recognized in the Report on Business ranking of Canada’s Top Growing Companies for the third time. Assessed on three-year revenue growth, HomeEquity Bank earned its spot in the ranking with three-year growth of 63 per cent. In 2021, HomeEquity Bank reported over $1 billion in reverse mortgage originations for the first time ever. This milestone represents a 28 per cent increase over 2020. The
Continue Reading...