Real estate and mortgage brokerages announce partnership

Real estate and mortgage brokers occasionally work together, helping to keep each other’s respective pipelines full of clients, but now TMG ‘The Mortgage Group’ and ‘Nu Stream Realty’ are taking it a step further. The firms announced a partnership in which TMG will help the real estate brokerage launch and fine tune its mortgage division by sharing administrative, compliance and underwriting acumen.For its part, Nu Stream has been on an impressive growth trajectory since its 2016 inception, having already done $3bln in transactions. Although it mainly operates in the Vancouver and Toronto regions, Nu Stream is reputed among the cities’ Chinese communities, which have reputations for being among the country’s savviest real estate purchasers. While TMG will share its wherewithal and resources with Nu Stream, it hopes to benefit from the latter’s market penetration. Nu Stream, for its part, did its homework searching for an eminent independent brokerage it could partner with. Moreover, that the firms were already familiar with each other certainly helped the deal.