Dominion Lending buys mortgage platform Filogix for $58.5M
What's the deal? Dominion Lending CentresDealroom has a profile for this one. Try Dealroom → (TSX: DLCG) has acquired FilogixDealroom has a profile for this one. Try Dealroom →, a Canadian mortgage technology platform, from Finastra HoldingsDealroom has a profile for this one. Try Dealroom → for $58.5 million in cash, subject to closing adjustments. Filogix connects more than 8,000 mortgage brokers with roughly 350 lenders and other industry participants.
What each side brings: Filogix runs mission-critical digital infrastructure through products including Expert, Expert Plus and FXLink, supporting mortgage applications from submission through underwriting. In the trailing 12 months ended May 31, 2026, it processed about $60 billion in funded mortgage volumes.
The terms: DLC Group financed the deal through existing liquidity and committed credit facilities. It expects Filogix to add $15 million to $18 million of Adjusted EBITDA in the first year and to be immediately accretive to Adjusted earnings per share.
What's the endgame? DLC Group wants to strengthen its position across Canada's residential mortgage market. Bringing Filogix alongside its Velocity platform expands its data capabilities and adds redundancy across its connectivity infrastructure.
What changes for customers? Filogix will operate as a standalone, wholly owned subsidiary, keeping operational independence from Newton (Velocity). DLC Group says it will invest in Filogix's technology, infrastructure, customer service and data security.
The quote: "This is a highly strategic acquisition for the DLC Group," said Gary MaurisDealroom has a profile for this one. Try Dealroom →, co-founder and chief executive officer. "Filogix expands our technology, connectivity and data capabilities."
The signal: The deal reflects consolidation in Canada's mortgage technology market, with an established brokerage group buying up the connectivity rails that link brokers and lenders. Owning both Filogix and Velocity gives DLC Group deeper access to real-time market data across the ecosystem.
Read more: NewsFile
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