MortgageBrokers.com Financial group of Companies Inc., a subsidiary of MortgageBrokers.com Holdings Inc. has signed an agreement with three veterans of the mortgage industry away from the Bank of Montreal.

These three individuals are anticipated to generate $140 million in additional mortgage origination for the company. Michael Cheung, Farah Yunus and Lawrence Nicolak of Toronto will operate exclusively under the MortgageBrokers.com brand and share a percentage of their net profits with the company.

Yunus, Cheung and Nicolak working will also participate in the RE/MAX co-location program. The RE/MAX strategic alliance allows the company access to $32 billion in real estate sales transactions in 2006.

“Lawrence Nicolak, Farah Yunus and Michael Cheung are important additions to our team, as they send a strong signal to the industry that our business model and strategic alliance partnership are strong incentives in attracting quality mortgage brokers,” said Alex Haditaghi founder and CEO of MortgageBrokers.com.

“Leaving the confines of a large financial institution to join in the vision of MortgageBrokers.com was an easy decision,” said Yunus, who added, “aligning yourself with a real estate brand like RE/MAX and to those closest to the customer referral is the future direction of the industry and I needed to be a part of it.”