Magenta is proud to be named winner of the Alternative Lender of the Year award by Canadian Mortgage Professional magazine, the leading Canadian trade publication for the mortgage industry. The...
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Magenta Turns 25
This year Magenta celebrates its 25th anniversary. We want to say thank you to all the investors, brokers and borrowers we have had the pleasure of working with since opening our doors in 1994....
Director of Operations Alex Marshall Named Rising Star
Magenta is proud to announce that Canadian Mortgage Professional magazine named our Director of Operations, Alex Marshall, a Rising Star. This award is given to 50 of the mortgage industry's most...
Getting to ‘File Complete’: Using a Checklist to Complete the Package
A good old-fashioned checklist is one of the most useful tools to help complete a file. Checklists are easy to create, easy to use, can be implemented at any stage of a file, and are one of the...
Open Term Versus Closed Term Mortgages
There are many things to consider when your mortgage is coming up for renewal. As the maturity date approaches, you will probably be offered the option of either an open term or a closed term....
What to Expect During the Mortgage Renewal Process
The maturity date of your mortgage is fast approaching. The maturity of your mortgage gives you an opportunity to review your financial situation and make some decisions based on your financial...
Packaging Your Deal: Top 5 Things to Include in Your Submission
Crafting a mortgage file for submission is an art, but did you know that your submission notes can be one of the most important parts of your deal? Thorough broker notes can lead to speedier...
Importance of the Exit Strategy: Formulating a Plan for Refinancing
The day-to-day life at a mortgage brokerage can be fast paced at the best of times. Once a last-minute purchase or urgent refinance is added to that mix, the pace can threaten to become hectic....
Key Tools to Use When Researching a Mortgage Investment Corporation
In addition to obtaining advice from your financial advisor, performing your own due diligence is a first step to investing. Beyond the Mortgage Investment Corporation's (MIC) own publicly...