Manitoba – Winnipeg – Winnipeg
Corporation
www.montrosemortgage.com
Manitoba
Winnipeg
Winnipeg
Corporation
active
Operating name: Montrose Mortgage
COMMERCIAL MORTGAGE BANKING AND MORTGAGE LOAN SERVICING
SINCE 1965.
Montrose Mortgage Corporation Ltd. is one of Canada's largest
and oldest privately owned mortgage banking and loan servicing
organizations with a 50-year history of providing mortgage
expertise through local representation for a wide variety of
private and institutional clients.
Canadian institutional mortgage Lenders have historically lent
directly through their branch network located across the country.
However, in 1947, when Investors Syndicate came to Canada from
their Minneapolis-based head office, they chose to approach
mortgage lending similar to that of the United States where their
interests were served by a group of mortgage bankers or
correspondents located in strategic locations throughout the
United States. This philosophy resulted in the appointment of a
Montrose predecessor company as Investors Syndicate's exclusive
mortgage correspondent for the Province of Manitoba. At that time
this relationship was one of only two or three which existed in
Canada and reflected Investors' confidence in the local knowledge
and expertise of the mortgage and real estate personnel within
the Montrose organization.
Following these origins Montrose was granted Approved Lender
status by Canada Mortgage and Housing Corporation in 1969, and
since that time Montrose has been an active originator and
Lender of CMHC insured mortgages on behalf of institutional
investor clients.
It is from this original mortgage correspondency relationship,
assisted by the rapid growth in our branch network, that Montrose
has been able to expand and develop the concept of a mortgage
banking correspondent, representing institutional and private
sources who are either not represented by their own mortgage
branches and personnel or who wish to rely upon Montrose's local
knowledge and underwriting standards. Currently, Montrose is
administering a portfolio of over $1 Billion of commercial loans
located in cities across Canada for institutional investors
including life insurance companies, chartered banks, mutual
funds, CMBS Lenders and pension funds. Financing is generated
through offices located in Vancouver, Calgary, Edmonton,
Winnipeg, Toronto, and Halifax.
Year Established: 1965
Exporting: No
Primary Industry (NAICS): 522299 - All Other Non-Depository Credit Intermediation
Alternate Industries (NAICS): 522310 - Mortgage and Non-mortgage Loan Brokers
Primary Business Activity: Services
Number of Employees: 38
Services:
Mortgage banking services/commercial mortgage financing
Creighton Rick
Maclachlan John
Mcewen Steve
Millar Rob
Schledewitz Kevin
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Profile ID: LFCA-COD-O-9673