Canada’s Mortgage Origination Authority

Delivering expertise and leadership to the people who serve Canada’s mortgage broker marketplace

About Us

Only Mortgages Incorporated is a privately held advisory services and executive placement company specializing in Canadian residential mortgage, residential acreage, and agricultural mortgage financing.

The company is highly experienced in product development, policy writing, risk-based pricing methodologies, strategy creation and implementation, executive placement, talent recruitment, working with regulators, and launching mortgage lenders into Canada’s wholesale mortgage channel.

We work with regulators on behalf of our clients; and have developed and managed highly specialized strategic partnerships with several Canadian banks, credit unions, and institutional investors who lend directly and indirectly into the Canadian mortgage broker channel.

Only Mortgages are licensed with the Financial Services Regulatory Authority of Ontario (FSRA), under the Mortgage Brokers, Lenders and Administrators Act.

Our Services

Startup and Expansion Management Services

We are highly capable and experienced at executing all aspects of mortgage originator startup into the mortgage broker/wholesale channel on behalf of domestic and/or foreign-owned financial institutions.

  • Strategy Development and Implementation
  • Executive Placement
  • Talent Recruitment
  • Site Location
  • Product Development
  • Policy Development (OSFI B-20 and non-regulated)
  • Credit Risk Management
  • Technology
  • Provincial Expansion
  • Provincial Licensing
  • Servicing and subservicing

Fractional and Full-time Executive Leadership Services

The company has had great success filling specialized executive placements for highly specialized strategic assignments.

  • Managing Director, Credit Risk Management for MCAN Mortgage Corporation
  • Executive Vice President, Strategy, Non-Prime Lending for Paradigm Quest
  • Chief Strategy and Credit Risk Officer for AgriRoots Capital Management Inc.

Licensed Services that can be Leveraged

The company and its principals are licensed by the Financial Services Regulatory Authority (Ontario), under the Mortgage Brokerages, Lenders and Administrators Act. As such, the company and/or its principals can provide the required licensing in the province of Ontario to act as a:

  • Mortgage Brokerage (i.e., a licensed mortgage brokerage company),
  • Lender (i.e., a provincially regulated Mortgage Finance Company), and/or
  • Mortgage Administrator (i.e., a licensed mortgage servicer).

Clients Served

Since 2014, assignments have been successfully completed for some of Canada’s premier financial services companies, including B2B Bank (TSX: LB), MCAN Mortgage Corporation (TSX: MKP), RBC Royal Bank of Canada (TSX: RB), VersaBank (TSX: VSBK), Paradigm Quest, MCAP Service Corporation, AgriRoots Capital Management Inc., and Farm Lending Canada.

We are experienced at serving:

  • Federally Regulated Financial Institutions – Banks and Trust Companies
  • Provincially Regulated Financial Institutions – Credit Unions, Mortgage Finance Companies
  • Mortgage Investment Entities (MIEs)
    • Mortgage Investment Corporations (MICs)
    • Mutual Fund Trusts
    • Limited Partnerships
    • Private Lenders
  • Mortgage Administrators
  • FINTEC companies
  • REITs
  • US Financial Institutions expanding into Canada (Non-QM & Hard Money)
  • Private Equity
  • Mortgage Brokerages
  • Mortgage Default Insurers
  • Title Insurance Companies
  • Financial Regulators
 
 

Our Consultants

Moe Forget

President and Principal Consultant

Moe’s career in banking and residential mortgage lending spans over four decades. Prior to starting his consulting firm in 2014, Moe was a senior executive with B2B Bank and AGF Trust, and President of Wells Fargo in their Canadian wholesale mortgage division.

Moe has worked closely with Federal and Provincial regulators, Title Insurers, Title Custodians, and Canada’s three mortgage default insurers

Moe is a startup specialist who is highly experienced at assisting U.S. and other foreign owned mortgage originators and investors with expanding into Canada, and developing innovative products, policies, risk-based pricing methodologies, and specialty lending programs that have been specifically adapted for the Canadian market.

Moe is licensed with the Financial Services Regulatory Authority of Ontario (FSRA), under the Mortgage Brokerages, Lenders and Mortgage Administrators Act (M08004420).

We Always Assemble the Right Team

Specific to each assignment, we draw from a network of highly skilled independent consultants and available employees from across Canada, the U.S., and internationally, as required.

Memberships

Contact Us

Only Mortgages Incorporated

6-65 Elliot Avenue East

Fergus, ON N1M 0H6

 

Phone: (519) 787-7720

Email: moeforget@onlymortgages.ca

 

FSRA: 10659 | Only Mortgages and Only Money are registered trademarks.