Dominion Lending Centres Announces Agreement with Sonnet Insurance
Rhea-AI Summary
Dominion Lending Centres (BRLGF) announced a referral agreement with Sonnet Insurance to exclusively promote Sonnet's home and auto insurance products across the DLC Group network.
The companies said they intend to integrate Sonnet offerings into DLC's Velocity application to simplify borrowers' proof-of-insurance requirement and to explore building an API that would embed Sonnet's quote-and-bind engine into Velocity.
Sonnet is described as a federally regulated, digital-first insurer within the Definity family; DLC framed the move as a step toward making Velocity a more complete technology ecosystem for borrowers and mortgage professionals.
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News Market Reaction – BRLGF
On the day this news was published, BRLGF declined 1.66%, reflecting a mild negative market reaction.
Data tracked by StockTitan Argus on the day of publication.
Key Figures
Market Reality Check
Peers on Argus
The stock showed a 0.83% gain while peers were mixed: AMIVF up 0.48%, PAPLD up 54.03%, PAPLF down 5%, FMCC down 4.43%, FNMA down 2.01%, suggesting a more company-specific backdrop than a broad sector move.
Historical Context
| Date | Event | Sentiment | Move | Catalyst |
|---|---|---|---|---|
| Nov 06 | Q3 2025 results | Positive | -4.3% | Strong Q3 growth in revenue, volumes, EBITDA and net income. |
| Aug 07 | Q2 2025 results | Positive | +8.3% | Exceptionally strong Q2 revenue, earnings and Velocity platform adoption. |
| Jul 10 | Earnings release timing | Neutral | +3.0% | Announcement of date and time for Q2 2025 earnings release. |
Recent fundamentally strong quarters have sometimes produced mixed reactions, including one notable divergence where strong Q3 results were followed by a price decline.
This announcement follows a series of strong operating updates. On Aug 7, 2025, the company reported Q2 2025 revenue of $24.6M on funded mortgage volumes of $21.1B, with Adjusted EBITDA of $12.6M and net income of $7.7M, driving an 8.33% gain. On Nov 6, 2025, Q3 2025 results showed funded volumes of $23.5B, revenue of $26.4M, Adjusted EBITDA of $14.2M, and net income of $9.0M, though the stock fell 4.25% afterwards.
Market Pulse Summary
This announcement highlights a referral agreement that positions the company to embed home and auto insurance into its Velocity mortgage platform, targeting a mandatory step in the borrowing process. Against a backdrop of strong recent growth in funded volumes, revenue, and net income, the deal underscores continued focus on technology and ecosystem expansion. Investors may watch adoption metrics within Velocity and any disclosed financial contribution from the Sonnet relationship over time.
Key Terms
application programming interface technical
AI-generated analysis. Not financial advice.
Vancouver, British Columbia--(Newsfile Corp. - December 11, 2025) - Dominion Lending Centres Inc. (TSX: DLCG) ("DLC Group" or the "Corporation"), one of Canada's leading franchisors of mortgage professionals and owner of Newton Connectivity Systems, is pleased to announce that it has entered into a referral agreement with Sonnet Insurance Company ("Sonnet"), whereby the Corporation will exclusively promote Sonnet's home and auto insurance products within the DLC Group network.
Sonnet, a federally regulated insurance company part of the Definity family of companies, offers customers a simple online application and binding experience and the option to connect with fully-licensed agents across the country. As all borrowers are required to provide mortgage lenders with proof of a valid home insurance policy, we intend to integrate the Sonnet product offerings into the Velocity application process to make it easy for borrowers to satisfy the prerequisite of valid home insurance. This agreement includes an opportunity for our respective teams to build an Application Programming Interface that will embed Sonnet's home and auto quote and bind engine to Velocity in the future.
"As all mortgage borrowers require a home insurance policy, integrating a home and auto insurance solution into Velocity is a natural evolution of Velocity's growth to become a complete technology ecosystem for borrowers and mortgage professionals to secure a mortgage. Sonnet is a national insurance company and a technology leader in the home and auto insurance sector, which makes them a perfect partner for the DLC Group," commented Gary Mauris, Chairman and CEO of DLC Group.
"Sonnet is committed to making insurance simple, transparent, and customized for Canadians," said Paul MacDonald, Executive Vice-President, Personal Insurance & Digital Channels at Definity. "Partnering with DLC Group allows us to bring our digital-first home and auto insurance solution to customers at a key moment in their home ownership journey."
About Dominion Lending Centres Inc.
Dominion Lending Centres Inc. is one of Canada's leading networks of mortgage professionals. DLCG operates through Dominion Lending Centres Inc. and its three main subsidiaries, MCC Mortgage Centre Canada Inc., MA Mortgage Architects Inc. and Newton Connectivity Systems Inc., and has operations across Canada. DLCG extensive network includes over 8,900 mortgage professionals and over 500 franchises. Headquartered in British Columbia, DLC was founded in 2006 by Gary Mauris and Chris Kayat.
Investor Contact:
| Eddy Cocciollo President 647-403-7320 eddy@dlc.ca | James Bell EVP, Corporate and Chief Legal Officer 403-560-0821 jbell@dlcg.ca | |
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/277451
FAQ
What did Dominion Lending Centres (BRLGF) announce on December 11, 2025 about Sonnet Insurance?
How will the Sonnet partnership affect the Velocity application for DLC Group (BRLGF)?
Will Sonnet be the only insurance provider promoted by Dominion Lending Centres (BRLGF)?
What insurance products will Sonnet provide through the DLC Group (BRLGF) agreement?
Does the DLC–Sonnet agreement include technical integration details for BRLGF stakeholders?
Who commented on the partnership between Dominion Lending Centres (BRLGF) and Sonnet?
