HomeEquity Bank acquired by Ontario Teachers’. Learn more.

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 reverse mortgage product. For each lender they nominated, brokers were asked to rate the offerings they provided. They also identified the most important factors they and their clients consider when choosing a mortgage product.

HomeEquity Bank, a federally regulated, Schedule 1 Canadian bank, and the provider of the CHIP Reverse Mortgage solution, won for the category of best Reverse Mortgage product, for the second year in a row.

“We are honoured to have been recognized for the second year in a row, by our mortgage industry peers as the leading lender of the Reverse Mortgage product. This acknowledgement honours our vision of being the leader in servicing the 55+ demographic in Canada. It continues to be a priority for us to tap the unmet needs of our clients and grow with them to understand how to service this demographic properly and give these Canadians what they need in this ever-changing landscape.” said Vivianne Gauci, SVP Marketing & Customer Experience.

About HomeEquity Bank

HomeEquity Bank is a Schedule 1 Canadian Bank offering a range of reverse mortgage solutions including the flagship CHIP Reverse Mortgage™ product. The company was founded more than 35 years ago to address the financial needs of Canadians who wanted to access the equity of their top asset – their home. The Bank is committed to empowering Canadians aged 55 plus to live the retirement they deserve, in the home they love. HomeEquity Bank is a portfolio company of Ontario Teachers’ Pension Plan Board, a global investor that delivers retirement income for 333,000 current and retired teachers in Ontario.

About CMP 5-Star Mortgage Product

CMP’s prestigious 5-Star Mortgage Products list shines a spotlight not only on the mortgage offerings that are changing borrowers’ lives, but also on the market leaders tirelessly pushing the boundaries to better serve their customers.