Mortgage Brokers Network

What Mortgage Brokers Network does

Mortgage Brokers Network (legal name: The Mortgage Brokers Network, DBA "MBN") is a Canadian mortgage brokerage founded around 1994 and headquartered at 179 King St E, Oshawa, Ontario. The firm operates as an intermediary connecting Canadian borrowers with mortgage products from a network of over 50 lenders, including major Canadian banks (RBC, Scotiabank, TD, BMO, National Bank, CIBC), credit unions, and alternative and private lenders. Its product portfolio spans first-time home buyer mortgages, new-to-Canada programs, cash-back mortgages, construction mortgages, vendor take-back, multi-residential, commercial mortgages, bridge financing, self-employed and alternative-income programs, renewal and refinancing, debt consolidation, home equity loans and HELOCs, fixed and variable rate mortgages, and reverse mortgages for homeowners aged 55+.

The company is differentiated by its focus on borrower profiles that traditional banks often decline, including self-employed applicants with non-standard income documentation, those with challenged credit or post-bankruptcy, new Canadians without domestic credit history, and seniors seeking equity release. Distribution is entirely direct-to-consumer, combining a 24/7 online application portal and a mortgage calculator suite with a national toll-free phone line (1-877-383-1577) and email support; there is no physical retail footprint. Marketing and customer acquisition are driven by educational blog content, SEO, social media (Facebook, YouTube, LinkedIn, Instagram), and a strong referral engine across Ontario communities.

The revenue model is standard industry commission: lenders pay the broker a fee upon successful mortgage funding. The firm maintains a small headcount (1-10 employees) and discloses no revenue, funding, or ownership structure. Disclosed partners include MPC (mortgage protection insurance), CMBA Ontario (industry association), and DH Financial Technologies (technology partner). No patents, AI capabilities, APIs, or proprietary technology platforms are disclosed.

Name

Mortgage Brokers Network

Legal name

The Mortgage Brokers Network

Website

https://mortgagebrokersnetwork.ca

Company type

Private

Founded year

1994

Operating status

Operating

Headcount range

1–10 employees

Short description

Canadian mortgage brokerage (founded ~1994, Oshawa, Ontario) arranging purchase, refinance, renewal, reverse, and debt-consolidation mortgages for individual consumers via a network of 50+ lenders, serving nationwide through direct-to-consumer phone and online channels.

Ownership category

akta.pro rank

Product category

Mortgage Brokerage Services

NAICS

Mortgage and Nonmortgage Loan Brokers (522310)

SIC

Loan Brokers (6163)

akta.pro primary industry

Residential Mortgage Brokerage (Purchase & Refinance) (FSAEAEAA)

akta.pro secondary industries

Commercial & Multifamily Mortgage Brokers (FSALABAB), Reverse Mortgage Brokerage & Lead Generation (FSALAIAB)

Keywords

• Mortgage brokerage services
• Residential lending
• Mortgage refinancing
• Home equity loans
• Debt consolidation

Headquarters

HQ city

Oshawa

HQ country

Canada

HQ region

North America

Offices1 record

Markets served

GTM type

B2C

Offering type

Services

Cost components

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

Revenue model

1. Mortgage Brokerage Commissions: The company earns commissions from lenders when mortgage applications are successfully funded. This is the standard mortgage broker revenue model where the broker represents the borrower and receives compensation from the lender.

Pricing tiers

Go-to-market motion2 records

Distribution channels3 records

Marketing channels6 records

Core offering

Mortgage Brokers Network is a Canadian mortgage brokerage that arranges mortgages, renewals, refinancing, second mortgages, and debt consolidation by matching individual borrowers with appropriate products from a network of 50+ lenders. The firm specializes in serving customers who have been declined by traditional banks, including those with self-employed income, challenged credit, new-to-Canada status, or aged 55+ seeking reverse mortgages. Service is delivered via toll-free phone, online application forms, and email from the Oshawa, Ontario headquarters.

Product overview

Mortgage Brokers Network is a Canadian mortgage brokerage offering a comprehensive suite of mortgage products and services. The portfolio includes purchase mortgages (first-time home buyer, new to Canada, purchase plus improvements), construction and commercial financing, refinancing solutions (including debt consolidation and home equity products), and specialized offerings (reverse mortgages, self-employed mortgages, bridge financing). The company provides access to over 50 lenders and operates as an intermediary connecting borrowers with appropriate mortgage products. Educational tools including mortgage calculators and blog content support client decision-making. The company does not appear to offer a technology platform or API-based product.

Differentiator

Problem solved

Functional benefit

Products and services

• First Time Home Buyer Mortgages Mortgage products designed specifically for Canadians purchasing their first home, with guidance through the entire home buying process.
• Purchase Plus Improvements
• New To Canada Mortgage Program
• Cash Back Mortgages
• Construction Mortgages
• Vendor Take Back Mortgage
• Multi Residential Property Mortgages
• Mortgage Protection Insurance
• Commercial Mortgages
• Bridge Mortgage
• Self-Employed Mortgage Options
• Mortgage Renewal Options
• Refinance Mortgage / Debt Consolidation
• Home Equity Loans
• Home Equity Line of Credit (HELOC)
• Fixed Rate Mortgages
• Variable Rate Mortgages
• Reverse Mortgages

Quantifiable outcome

• Lenders pass on volume-based discounts to MBN clients, which are then passed on to borrowers in the form of preferential rates

Named customers9 records

Segments5 records

Ideal customer profiles5 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature2 records

Partnerships

Three partnerships are on record, tiered minor and core.

• MPC (Mortgage Protection Corporation)minorChannel Partner/ Reseller/ DistributorMPC logo appears on the website footer as a partner, suggesting a relationship for mortgage protection insurance products offered through the network.
• CMBA (Canadian Mortgage Brokers Association Ontario)minorChannel Partner/ Reseller/ DistributorCMBA Ontario logo displayed on the website, indicating membership in the industry association for mortgage brokers in Ontario.
• 50+ Lender NetworkcoreChannel Partner/ Reseller/ DistributorAccess to over 50 lenders including major Canadian banks (RBC, Scotiabank, TD, BMO, National Bank, CIBC), credit unions, and alternative/private lenders. This network is the core competitive advantage enabling MBN to serve diverse borrower needs and access competitive rates.

Scale indicators3 records

Recent moves6 records

Expansion highlights4 records

Direct peers

• Verico Financial Group: Canadian mortgage brokerage network operating across provinces with multi-lender access; comparable as a regional-to-national broker competing on rate access and service.
• TMG The Mortgage Group: National Canadian mortgage brokerage network offering residential, commercial, and renewal products via a multi-lender platform; directly comparable broker model serving Canadian consumers.
• Dominion Lending Centres: Canada's largest mortgage brokerage franchise network, arranging residential and commercial mortgages with multiple lenders; directly comparable as a Canadian broker intermediating between borrowers and 50+ lenders.
• Mortgage Architects: National Canadian mortgage broker network with multi-lender access, focused on independent broker entrepreneurs; comparable D2C brokerage business model.
• Mortgage Alliance (MAG): Canadian national mortgage broker network providing independent brokers with multi-lender products; comparable broker model serving diverse borrower profiles.
• Mortgage Centre Canada: Canadian mortgage broker franchise with national reach, offering purchase, refinance, and specialty products through a multi-lender network; directly comparable D2C broker model.

Broad incumbents

• Equitable Bank (EQB): Canadian Schedule I bank with a large alternative-lending mortgage business that competes for self-employed and non-prime borrowers; relevant as one of the alternative lenders inside MBN's 50+ lender network and as a direct competitor for niche files.
• HomeEquity Bank: Canadian chartered bank specializing in reverse mortgages (CHIP) for homeowners 55+; directly comparable product to MBN's reverse mortgage offering and a likely lending partner within its network.

Emerging players

• Ratehub (CanWise): Canadian online mortgage comparison and brokerage platform aggregating lender rates; overlaps with MBN's SEO- and calculator-driven acquisition funnel and offers direct brokerage services.
• nesto: Digital-first Canadian mortgage broker offering fully online brokerage services with multi-lender access; competes with MBN for the same direct-to-consumer borrower funnel but with a heavier technology stack.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks5 records

Key highlights6 records

Customer concentration

• YouTubeyoutube.com/channel/UCoLEkWpFh5sf9Gc0sCNtjoQ
• Facebookfacebook.com/mortgagebrokersnetwork
• LinkedInlinkedin.com/company/mortgage-brokers-network-canada
• Instagraminstagram.com/mortgagebrokersnetwork

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 Network