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Press release from CNW Group

Sears Financial expands offerings with the launch of mortgage services

Tuesday, May 15, 2012

Sears Financial expands offerings with the launch of mortgage services12:01 EDT Tuesday, May 15, 2012Accredited mortgage professionals and real estate sales representatives team up with Sears Financial to help Canadians buy, sell and finance their homesTORONTO, May 15, 2012 /CNW/ - Sears Financial has announced a partnership with Mortgage Alliance and QV Realty Inc., expanding its real estate offering to introduce the Sears Financial Mortgage & Real Estate Referral Program to Canadians. The pilot program launches in Ontario and is expected to start rolling out nationally in 2013.Whether Ontarians are looking for a new mortgage, or simply renewing an existing one, Accredited Mortgage Professionals from Mortgage Alliance source the best rates and mortgage products available in the market. With connections to some national banks, credit unions, and public and private lenders, the program tailors every financial solution to meet individual needs."Sears has been a trusted name for generations," said Peter Kalen, Senior Vice-President, Sears Financial and Home Services. "We're proud to now offer our customers the complete home ownership package - from finding their home with our real estate services to financing their mortgage."Sears Financial Mortgage Referral Services complements Sears Financial Real Estate Referral Services, which was launched in 2009. By working with Sears Certified Real Estate Agents from leading brokerages, Sears Financial Mortgage & Real Estate Referral Services ensure customers are paired with knowledgeable experts within their desired neighbourhood. Plus, customers will earn valuable Sears rewards, which add up to thousands of dollars that can be redeemed toward anything at Sears from furniture and major appliances to travel and more.Customers who arrange their mortgage through Sears Financial will also benefit from extensive rewards. Customers who buy or sell their home with a Sears Certified Real Estate Agent receive up to 0.6 per cent of the purchase or sale price back in the form of Sears rewards, plus merchandise savings coupons. Based on an average resale home price in the Greater Toronto Area of $470,000 in 2012, that can amount to a value up to $3,800.To celebrate the launch of this program, Sears Financial is giving Ontario residents the chance to win one million Sears Club Points worth $10,000 in Sears rewards simply by entering online at www.searsfinancial.ca/mortgagecontestand signing up to receive additional information on the mortgage services. The contest will run until December 15, 2012.Visit www.searsfinancial.ca/welcomehome for full terms and conditions.About Sears Financial ServicesSears Financial is the credit card, membership, loyalty points, insurance and telecommunications division of Sears Canada. For more information, please visit www.searsfinancial.ca.About Sears CanadaSears Canada is a multi-channel retailer with a network that includes 196 corporate stores, 278 hometown dealer stores, 29 home services showrooms, over 1,500 catalogue and online merchandise pick-up locations, 105 Sears Travel offices and a nationwide home maintenance, repair, and installation network. The Company also publishes Canada's most extensive general merchandise catalogue and offers shopping online at www.sears.ca.For further information: Magda Jarota/Micha Goddard MAVERICK Public Relations 416.640.5525 ext. 242/254 magdaj@maverickpr.com / michag@maverickpr.com