Marathon Mortgage

What Marathon Mortgage does

Marathon Mortgage Corp. is a privately held Canadian non-bank mortgage lender headquartered at 200 Front Street West in Toronto, founded in 2011 and operating with 11-50 employees under CEO Albert Collu. The company originates and holds residential mortgage products — fixed-rate and adjustable-rate offerings across insured/insurable and uninsurable categories — and serves Canadian borrowers exclusively through licensed mortgage brokers via the ScarlettNetwork broker platform (mtgapp.scarlettnetwork.com/Marathon_Mortgage). Marathon does not interface with borrowers directly; brokers present Marathon products as one option in comprehensive mortgage comparisons, positioning the company as a lender-of-choice for brokers seeking competitive rates, fast underwriting, and flexible product structures.

The product portfolio spans six core mortgage solutions: Buying Your First Home, Buying Your Next Home, Owner-occupied Investment Property, Mortgage Renewal, Refinancing, and Switching to Marathon Mortgage. These are supplemented by three client-facing digital calculators — the Mortgage Analyzer (amortization forecasting across 1-10 year terms), the Payment Analyzer (payment frequency optimization across weekly/bi-weekly/monthly cadences), and the Maximum Mortgage Calculator (qualification sizing based on income, taxes, debt, and rate). Revenue is generated primarily through mortgage interest income on the retained loan portfolio plus renewal and refinancing transaction economics; specific rates are publicly disclosed on the website (e.g., 5-year fixed insured at 4.09%, 5-year fixed uninsurable at 4.89%, 5-year adjustable insured at Prime minus 0.85%) and vary by term, product type, and borrower profile.

Marathon targets primary segments including first-time homebuyers, self-employed Canadians requiring alternative income verification, refinancing homeowners, renewal holders facing payment shock, switching borrowers from competitor lenders, and investment property buyers. The company has a self-stated positioning as the '#1 Canadian Mortgage Lender' and references 5,000+ satisfied clients. Its GTM motion relies entirely on the broker distribution channel — there is no direct-to-consumer application path — supplemented by content marketing, email lead capture, and organic social presence on Facebook, LinkedIn, and Instagram. No funding rounds, acquisitions, or institutional investors are disclosed in the source material.

Name

Marathon Mortgage

Legal name

Marathon Mortgage Corp.

Website

https://marathonmortgage.ca

Company type

Private

Founded year

2011

Operating status

Operating

Headcount range

11–50 employees

Short description

Marathon Mortgage is a privately held Canadian non-bank mortgage lender that originates fixed-rate and adjustable-rate residential mortgages exclusively through licensed mortgage brokers, serving Canadian borrowers across first-time purchase, refinancing, renewal, and lender-switch use cases from its Toronto headquarters.

Ownership category

akta.pro rank

Headquarters

HQ city

Toronto

HQ country

Canada

HQ region

North America

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Marketing or Sales, Technology or R&D, Infrastructure, Others

Revenue model

1. Mortgage Interest Income: Marathon Mortgage Corp. originates and holds residential mortgages, generating revenue from interest payments on the loan portfolio. The company offers fixed-rate and adjustable-rate mortgage products through the broker channel.
2. Mortgage Renewal and Refinancing Fees: Revenue generated from mortgage renewals and refinancing transactions when existing borrowers extend or modify their mortgage terms.

Pricing tiers

Go-to-market motion1 record

Distribution channels1 record

Marketing channels4 records

Core offering

Marathon Mortgage is a Canadian non-bank residential mortgage lender that originates and holds mortgages covering first-home purchases, next-home purchases, owner-occupied investment properties, renewals, refinancings, and lender switches. Products include fixed-rate and adjustable-rate mortgages delivered in both insured/insurable and uninsurable variants, priced at transaction-based rates per term. All products are distributed exclusively through licensed Canadian mortgage brokers using the ScarlettNetwork broker platform.

Product overview

Marathon Mortgage is a Canadian mortgage lender offering a portfolio of mortgage products and financial tools. The core product lineup consists of six main mortgage solutions: Buying Your First Home, Owner-occupied Investment Property, Buying Your Next Home, Mortgage Renewal, Refinancing, and Switching to Marathon Mortgage. These are complemented by three digital tools—the Mortgage Analyzer for amortization forecasting, Maximum Mortgage for qualification calculations, and Payment Analyzer for payment frequency comparisons. The company operates exclusively through licensed mortgage brokers.

Differentiator

Problem solved

Functional benefit

Products and services

• Buying Your First Home Mortgage product line for first-time homebuyers in Canada, offered through licensed mortgage brokers, with fixed-rate and adjustable-rate options tailored to entry-level borrowers.
• Owner-occupied Investment Property Mortgage financing for owner-occupied investment property purchases in Canada, structured for borrowers expanding their property portfolio through brokerage channels.
• Buying Your Next Home Mortgage products for borrowers purchasing a subsequent or next home in Canada, offering customized fixed-rate and adjustable-rate options delivered through the broker channel.
• Mortgage Renewal Mortgage renewal solution for existing Canadian homeowners at the end of their term, marketed with rates lower than banks and the ability to start the renewal process up to 90 days in advance, distributed via licensed brokers.
• Refinancing Refinancing solution that helps Canadian homeowners lower monthly payments, access home equity, or consolidate higher-interest debt, sourced and processed through licensed mortgage brokers.
• Switching to Marathon Mortgage Service for homeowners who want to switch their existing mortgage from another lender to Marathon Mortgage, offering competitive rates and flexible options with broker-supported transition.

Quantifiable outcome

• Over 5,000+ happy clients have trusted Marathon Mortgage
• +2 more outcomes

Named customers8 records

Segments7 records

Ideal customer profiles1 record

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature3 records

Partnerships

One partnership is on record.

• Licensed Mortgage BrokerscoreChannel Partner/ Reseller/ DistributorMarathon Mortgage operates exclusively through licensed mortgage brokers across Canada. This is not a formal partnership program but rather the core business model. Brokers bring borrowers to Marathon, present Marathon products alongside alternatives, and facilitate the mortgage application process through the ScarlettNetwork platform. The company describes itself as working 'hand-in-hand with brokers to deliver tailored mortgage solutions to thousands of Canadians.'

Scale indicators3 records

Recent moves6 records

Expansion highlights4 records

Direct peers

• Quest Mortgage: Canadian non-bank mortgage lender distributing residential mortgages exclusively through the broker channel, including rental, investment, and self-employed programs. Closest small-scale comp to Marathon in terms of broker-only distribution and held-portfolio model.
• MCAN Mortgage Corporation: Canadian mortgage investment corporation that originates and services uninsured residential mortgages through the broker channel. Comparable business model (held portfolio + broker distribution), comparable regulatory constraints (MIC structure), and similar customer segments.
• CMLS Financial: Canadian non-bank mortgage lender and servicer focused on the broker channel, offering residential purchase and refinance products. Similar distribution, similar held-book funding model, similar exposure to rate-driven refinance volume.
• Haventree Bank: Canadian Schedule I bank specializing in alternative residential mortgages distributed through brokers, including self-employed, new-to-Canada, and equity-based programs. Direct overlap with Marathon's self-employed and complex-borrower niche.
• First National Financial: Canada's largest non-bank mortgage originator, distributing almost exclusively through brokers with a held and securitized residential mortgage portfolio. Operates in the same broker channel, the same product set (purchase, refinance, renewal), and competes head-to-head for the same broker relationships.
• Equitable Bank: Canadian Schedule I bank (subsidiary of EQB Inc.) that is a leading monoline mortgage lender serving the broker channel with residential mortgages, HELOCs, and reverse mortgages. Same broker-mediated go-to-market, held-portfolio funding model, and rate-cycle exposure as Marathon.
• Home Trust Company (Fairstone Bank): One of Canada's largest non-bank mortgage lenders, operating through the broker channel and offering residential purchase, refinance, and renewal products. Closest analog to Marathon's business model — lender (not broker), broker-sourced originations, mono-line residential focus — but at materially larger scale.

Emerging players

• Lendwise Mortgages: Canadian non-bank alternative mortgage lender operating in the broker channel with a focus on self-employed, equity-based, and non-conforming files. Comparable niche positioning to Marathon's complex-borrower specialism.
• Pineapple Mortgage: Canadian online non-bank mortgage lender that originated through the broker channel before pivoting to a direct-to-consumer digital model. Comparable originator profile (alternative residential lender) but differs in distribution strategy.

Broad incumbents

• Manulife Bank of Canada: Schedule I Canadian bank that offers residential mortgages (including through broker channel partners) alongside a broader deposit and wealth product set. Competes with Marathon for the same prime borrower at renewal but with materially larger balance sheet, deposit funding, and brand.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights6 records

Customer concentration

• Facebookfacebook.com/p/Marathon-Mortgage-Corp-100043321043863
• LinkedInlinkedin.com/company/marathon-mortgage-corp
• Instagraminstagram.com/marathonmortgage.ca

Revenue estimate

Valuation estimate

Number of profiles

Profiles1 record

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Marathon Mortgage