Valeyo and Filogix, a Finastra company, enter strategic partnership for credit union aggregation model.

2022-11-09  |  Toronto, ON

Valeyo, a business solutions provider to financial institutions in Canada has expanded its strategic partnership with Filogix, a Finastra company, offering secure and reliable mortgage software and solutions to mortgage brokers and lenders, to bring the mortgage broker channel closer to its credit union clients.

Indirect lending is a significant driver of growth for Canada’s credit unions, as they look to scale and grow business through new and emerging channels. Under the partnership, Valeyo gains direct access to Filogix’s broker channel in Canada through a licensing agreement, making the channel immediately accessible to credit unions via an established integration to Valeyo’s suite of loan origination technology.

“Valeyo has had seasoned and proven integration into the mortgage broker channel for the past 10 years,” says Nicole Benson, Valeyo President & CEO. “We continue to innovate our technology to enable connectivity to the evolving financial ecosystem and by investing in partnerships and solutions that help our clients thrive. Our work with Filogix reflects our mutual interest in the success of Canada’s credit unions, and commitment to bring new points of access and opportunity to the industry.”

Jonathan Wootten, Vice President at Filogix said, “We’re very pleased to launch our first credit union aggregator partnership with Valeyo, and to offer many new lender options to mortgage brokers utilizing Filogix Expert. We believe in choice, and the introduction of the credit union aggregator model allows us to bring even more lending options to our mortgage brokers.”

Benson adds, “The future is all about partnership and collaboration. We’re seeing this shift across the full financial ecosystem and are working to ensure our technology and strategy are enabled to continue to deliver future proof solutions for our clients and for the Canadian consumer.”

Credit unions can immediately access Filogix’s mortgage broker channel through integration to Valeyo’s flagship retail loan origination system, Criterion, with a future view of integration to its digital-first loan origination platform, Valeyo Ori.

For more information on Filogix, a Finastra company, visit www.finastracanada.com.  

About Valeyo:

Valeyo is a leading Canadian-based solutions provider, partnering to deliver a full suite of business solutions, including technology and insurance related products and services for financial institutions nationwide. For more than 40 years, clients have trusted us to be their go-to provider based on the strength of our proprietary products, strategic partnerships, and people. Valeyo is a wholly owned, independently operated subsidiary of Securian Financial Group.

For more information visit valeyo.com

Media contact:

Jacqlyn Marcus

Director, Marketing & Communications
T: 416-319-9102
E: jacqlyn.marcus@valeyo.com

Follow Valeyo on LinkedIn