The Globe and Mail reports in its Monday edition that fresh from gobbling up a much larger residential and commercial mortgage player, on-line lender Nesto has its eye on a larger slice of the mortgage market. The Globe's Rachelle Younglai writes that slew of homeowners will soon be renewing their cheap pandemic-era mortgages at much higher interest rates and Nesto believes this will be the company's opportunity to build its portfolio of residential loans. Since its founding in 2018, Montreal-based Nesto has grown rapidly. Its most recent spurt occurred in June with the acquisition of CMLS Financial, the country's third-largest mortgage finance company. The deal pushed Nesto into the big leagues of non-bank lenders as well as into the commercial mortgage sector. Nesto-CMLS has $60-billion in outstanding mortgages, up from Nesto's $10-billion prior to the deal. The combined company has 1,000 employees in 10 offices across the country, compared with 300 Nesto staff. The acquisition was backed by Nesto's large investors including Sagard-backed Diagram Ventures, Portage and Power Corp. of Canada's IGM Financial. Nesto mortgages are available through the company's website, as well as through a large network of brokerages.