Mortgage Architects

Mortgage Architects
Pacific NA

March 30, 2010 13:00 ET

myNext Lending Corp. and Mortgage Architects Vault Into Virtual Bank Capability: Agreement Sets a New Direction for the Canadian Mortgage Industry

TORONTO, ONTARIO--(Marketwire - March 30, 2010) - Alex Haditaghi, Chairman and Founder of Pacific NA, and Bob Ord, CEO of Mortgage Architects, are pleased to announce that Pacific NA has acquired myNext Lending Corp., which includes national mortgage brokerage Mortgage Architects and myNext Mortgage Company.

Launched in September 2006, Mortgage Architects processed over $5 billion in mortgage applications in 2009 with 64 Lead Planners and over 300 Associate Planners across Canada. As an exclusive lender to Mortgage Architects, myNext Mortgage Company surpassed $1 billion in mortgage fundings in early 2009.

"Mortgage Architects is the jewel of the mortgage industry in Canada," said Haditaghi. "Bob Ord is a renowned industry veteran, they have an exceptional management team, and they designed a company based on a unique model of only 100 elite Lead mortgage planners who are considered the legends of the mortgage brokerage industry."

Prior to founding Mortgage Architects, Bob Ord played an integral role in the development and success of industry giants such as FirstLine Mortgages, Mortgage Centre Canada, Filogix Inc. and Mortgage Intelligence.

"Our goal is to evolve myNext Mortgage Company into a Canadian Bank that is centered around the mortgage financing transaction," said Haditaghi. "We plan to deliver unique products and build the technology infrastructure for the company's mortgage planning mandate, which is to provide niche products and exceptional advice to customers as they move through their life stages, from pre buyer to retired, ultimately managing their debt for the creation of wealth along side a partner financial planner."

"This is wonderful news for our mortgage planners and customers", said Ord. "We began with a vision of an elite financial services organization built on advice, experience, leading-edge technology and unique products and services. We've worked very hard to build that foundation, and now, with Pacific NA and their financial resources, we can take this great brand to that next level."

"For most Canadians, a mortgage is the centerpiece of their financial plans," said Ord. "We always believed that homebuyers were best served by highly experienced mortgage planners. We've had an incredible beginning, and what's on the horizon here is now even better."

ABOUT MORTGAGE ARCHITECTS INC.

Mortgage Architects is a national mortgage brokerage with its corporate head office in Mississauga and regional offices in Vancouver, Calgary, Laval, and Halifax. The company is focused on delivering mortgage advice and planning to Canadians. Lead planners require a proven track record of high professional standards and $25 million in yearly volume prior to joining the company, which is structured to be owned by the planners themselves. Lead and associate planners offer homeowners access to mortgage options from over 50 lenders, including major banks, credit unions, trusts and other national and regional lenders. With this outstanding range of mortgages and lenders, the experienced mortgage planners of Mortgage Architects are helping more Canadians achieve their goals of homeownership and financial security. For more information: www.mortgagearchitects.ca.

ABOUT MYNEXT MORTGAGE

myNext Mortgage Company is a next-generation residential mortgage lender. Built by some of the most experienced professionals in the industry, myNext is focused on delivering products that meet the diverse and changing needs of Canadians, and is dedicated to customer service and satisfaction. Mortgage products are exclusively distributed through Mortgage Architects Inc. myNext is an approved lender with the largest Canadian mortgage insurer – Canada Mortgage and Housing Corporation (CMHC) and other private insurers. For more information: www.mynext.com.

ABOUT PACIFIC NA

Pacific NA is a financial services company focused on creating a virtual bank that will deliver unique lending products and mortgage planning services to the company's broker owners.

Contact Information

  • Mortgage Architects
    Bob Ord
    CEO
    416.522.9000
    or
    Pacific NA
    Alex Haditaghi
    Chairman & Founder
    416.528.9999
    or
    Mortgage Architects
    Kelly Neuber
    VP Marketing
    416.716.1074