The Canadian mortgage industry experienced profound change in recent years. Once the dominion of traditional brick and mortar financial institutions, today’s residential mortgage landscape includes a formidable group of specialized originators, including independent mortgage agents and bank-employed mortgage specialists. Another recent addition to the market is dedicated mortgage lenders – both start-ups and foreign banks – who use the Canada Mortgage Bond (CMB) securitization program to fund their mortgage lending activities. As these specialized mortgage players gain momentum, the battle for market share and pressure in operating margins becomes even more competitive.
As Canada’s leading mortgage outsourcing company, Paradigm’s mandate is to enable new and existing lenders with a cost effective mortgage operation solution that can quickly respond to market conditions, lead the market in innovation and ultimately provide mortgage consumers with great choice, vastly improving their mortgage experience. |
