Mortgage Brokers Of Canada

What Mortgage Brokers Of Canada does

Mortgage Brokers Of Canada Inc. (operating as Verico Mortgage Brokers Of Canada Inc., Brokerage License #10704) is a privately held mortgage brokerage headquartered in Mississauga, Ontario, serving individual consumers and small-scale property investors across Canada with a stated operational focus in Ontario. The company acts as an intermediary between borrowers and a network of lenders, earning commission-based fees from those lenders upon successful mortgage placement. Its service portfolio spans the full mortgage lifecycle — pre-approval, purchase financing, renewal, refinancing, debt consolidation, renovation financing, credit-improvement assistance, and vacation home and investment property mortgages — with specialized programs for first-time buyers, self-employed borrowers, and newcomers to Canada. Pricing is not publicly disclosed; engagements are quote-based with stated free, no-obligation initial consultations.

The firm's underlying technology is a modest direct-to-consumer platform: a website with service pages, interactive mortgage calculators, a blog and educational content library (glossary, FAQs), and an online mortgage application form. Distribution is sales-led, driven by inbound phone and email inquiries supplemented by in-person consultations at the Mississauga office, following a four-step process (contact, needs analysis, verification, funding). The company operates as a member of the Verico network, a Canadian national mortgage broker affiliation that provides access to additional lender relationships and shared marketing resources. Headcount is reported at 11–50 employees; the firm claims a 98% customer recommendation rate and emphasizes fast approvals and industry-low fees, though these claims are self-reported and not independently validated. No funding rounds, M&A activity, management team disclosures, or AI/technology capabilities are documented in the available data.

Name

Mortgage Brokers Of Canada

Legal name

Mortgage Brokers Of Canada Inc.

Website

https://mbcbrokers.com

Company type

Private

Operating status

Operating

Headcount range

11–50 employees

Short description

Verico Mortgage Brokers Of Canada Inc. is a privately held Ontario-based mortgage brokerage serving individual consumers and small investors with purchase, renewal, refinancing, and specialized mortgage products, earning lender commissions on placed loans.

Ownership category

akta.pro rank

Product category

Mortgage Brokerage

NAICS

Mortgage and Nonmortgage Loan Brokers (522310), Mortgage and Nonmortgage Loan Brokers (52231)

SIC

Loan Brokers (6163)

akta.pro industry

PRIMARYFSALABAA

Retail Residential Mortgage Brokers (Purchase & Refinance)

Financial & Insurance/Mortgage & Housing Finance/Mortgage Brokerage & Intermediaries

SECONDARYFSAEAEAA

Residential Mortgage Brokerage (Purchase & Refinance)

Financial & Insurance/Financial Advisory, Brokerage & Intermediation/Mortgage Brokerage & Loan Intermediation

SECONDARYFSAEAMAA

Mortgage & Loan Introducers (Residential & Commercial)

Financial & Insurance/Financial Advisory, Brokerage & Intermediation/Introducers, Finders & Referral Networks

Keywords

• Mortgage brokerage
• Home loan services
• Mortgage renewal
• Mortgage refinancing
• Residential lending

Headquarters

HQ city

Brampton

HQ country

Canada

HQ region

North America

Offices1 record

Markets served

GTM type

B2C

Offering type

Services

Cost components

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

Revenue model

1. Mortgage Brokering Services: The company acts as an intermediary between borrowers and lenders, earning commission-based fees from lenders for placing mortgages. Revenue is generated through origination fees and ongoing commission from the lenders they partner with.

Pricing tiers

Go-to-market motion1 record

Distribution channels1 record

Marketing channels4 records

Core offering

Mortgage Brokers Of Canada operates as a mortgage brokerage intermediary between individual borrowers and multiple Canadian lenders. The company arranges purchase mortgages, renewals, and refinances through licensed brokers, earning commission-based fees from lenders for placed mortgage business. Specialized programs serve first-time buyers, self-employed borrowers, newcomers to Canada, and investment property owners.

Product overview

Mortgage Brokers Of Canada is a mortgage brokerage firm operating as part of the Verico network, offering a unified platform of mortgage services. The core offering consists of mortgage brokerage services including purchase, renewal, and refinancing products, with specialized programs for first-time buyers, self-employed individuals, new Canadians, and investment property owners. The company provides debt consolidation, renovation financing, credit improvement, and vacation home mortgage solutions. Supporting tools include mortgage calculators, blog resources, a glossary, and FAQ sections to guide borrowers through the mortgage process.

Differentiator

Problem solved

Functional benefit

Products and services

• Mortgage Pre-Approval

Quantifiable outcome

• 98% customer recommendation rate

Segments6 records

Ideal customer profiles6 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

One partnership is on record.

• VericocoreChannel Partner/ Reseller/ DistributorThe company operates as a member of the Verico network, a national network of mortgage brokers in Canada. This affiliation provides access to additional lender relationships, brand recognition, and collective marketing resources. The full name appears as 'Verico Mortgage Brokers Of Canada Inc.'

Scale indicators1 record

Recent moves5 records

Expansion highlights3 records

Direct peers

• CanWise Financial: Canadian mortgage brokerage offering residential purchase, refinance, and renewal services with multi-lender access. Comparable product mix and broker-led distribution model.
• True North Mortgage: Canadian mortgage brokerage with multiple branch locations, offering purchase and refinance services with both online and broker-assisted channels. Operates a comparable sales-led broker model.
• Dominion Lending Centres: Canada's largest national mortgage brokerage network, with a franchise model analogous to Verico. Directly comparable in offering residential purchase/renewal/refinance mortgages across Canada via member brokers.
• 8Twelve Mortgage Corporation: Canadian mortgage brokerage providing home purchase, refinance, and renewal services with technology-enabled tools. Comparable in product breadth and digital self-serve offerings.
• Mortgage Architects: Canadian mortgage brokerage network operating a similar independent-broker model with multi-lender access. Closely matches Mortgage Brokers Of Canada in products, segments served, and network affiliation approach.
• RMG Mortgages (The Regional Municipality Group): Canadian mortgage brokerage offering residential purchase, renewal, and refinance services across multiple provinces. Comparable in customer segments and broker-led distribution.

Emerging players

• Ratehub.ca: Canadian comparison platform for mortgages and financial products, enabling direct lender matching. Adjacent competitor that captures rate-shopping intent upstream of the broker relationship.
• Pineapple (formerly Pineapple Mortgage): Canadian online mortgage brokerage with a fully digital experience including a mobile application. Competes on convenience and speed for the same customer segments including first-time buyers and self-employed borrowers.
• Nesto: Canadian digital-first mortgage lending platform offering online mortgage approvals from multiple lenders. Represents the fintech disruptor targeting the same residential broker market with a lower-cost digital experience.

Broad incumbents

• Manulife Bank (and other lender-direct channels): Large Canadian lender offering direct-to-consumer mortgages through proprietary channels. Represents the lender-side incumbents whose commission structure underwrites the broker model but who can disintermediate brokers over time.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat3 records

Key risks5 records

Key highlights6 records

Customer concentration

• LinkedInlinkedin.com/company/mortgage-brokers-of-canada

Revenue estimate

Valuation estimate

Number of profiles

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 Mortgage Brokers Of Canada