Dave Mercer has been named executive vice president for sales and marketing at MortgageBrokers.com Inc., a subsidiary of MortgageBrokers.com Holdings Inc.Before joining the company, Mr. Mercer was president of Lending Source Canada Inc., and he spent four years as a regional manager for The Mortgage Alliance Co. of Canada. He has 23 years of experience in the real estate and mortgage industries, MortgageBrokers.com said. The company said Mr. Mercer will promote its Broker Channel Acquisition Program, through which MortgageBrokers.com will offer mortgage brokers equity ownership in a public company in exchange for their origination volume. The company can be found on the Web at http://www.mortgagebrokers.com.
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Doxo plans to fight the FTC complaint, which focuses broadly on consumer finance, but there are signs of confusion about the company's role in mortgages too.
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