North American Product Classification System (NAPCS) Canada [Provisional Version 0.1]

52 - Financial and insurance services

522009 - Other credit financing products

522009.1 - All other credit financing products

Providing credit by means other than loans, credit cards, factoring, leasing, or instalment credit products.

522009.1.1 - Loan brokering products

The service of bringing together lenders and borrowers. Brokers evaluate the business situations of those with capital needs and match them with lenders. Brokers earn commissions and origination fees for the service, and may earn incidental interest until a loan is placed with investors. The service includes advice to the borrower, and co-ordination of the loan approval, commitment, and closing process. The service does not include collecting payments.

522009.1.1.1 - Mortgage brokering products

The service of bringing together lenders and borrowers seeking mortgages.

522009.1.1.2 - Other loan brokering products

The service of bringing together lenders and borrowers seeking loans other than mortgages.