Residential Brokers
Fast, Flexible Mortgage Solutions
Message To Brokers
Your Solution-Focused Lending Partner
Magenta is one of Canada’s leading residential, private MICs. Since 1994, we’ve specialized in fast, flexible, and easy mortgage solutions for Ontarians who fall just outside of bank lending criteria.
Mortgage Products
Fast & Flexible Mortgages Designed for Alternative Borrowers
Equity Lending
Income Programs
No Doc
A flexible program that helps homeowners unlock the financial freedom in their property with ease.
For detailed product and pricing information, please contact your Magenta representative.
Business for Self
A flexible solution designed for business owners who fall outside of traditional borrowing parameters.
For detailed product and pricing information, please contact your Magenta representative.
Verifiable Income
An alternative solution for borrowers who do not qualify for our No Doc program.
For detailed product and pricing information, please contact your Magenta representative.
Rentals
Residential Rentals
Rental Mortgages designed to provide clients with the flexibility and freedom to grow their investment.
For detailed product and pricing information, please contact your Magenta representative.
Mortgage Products
Fast & Flexible Mortgages Designed for Alternative Borrowers
Equity Lending
No Doc
A flexible program that helps homeowners unlock the financial freedom in their property with ease.
For detailed product and pricing information, please contact your Magenta representative.
Income Programs
Business for Self
A flexible solution designed for business owners who fall outside of traditional borrowing parameters.
For detailed product and pricing information, please contact your Magenta representative.
Verifiable Income
An alternative solution for borrowers who do not qualify for our No Doc program.
For detailed product and pricing information, please contact your Magenta representative.
Rentals
Residential Rentals
Rental Mortgages designed to provide clients with the flexibility and freedom to grow their investment.
For detailed product and pricing information, please contact your Magenta representative.
Tools for Brokers
Broker Resources
Access tools, information and support through our Broker Resource Centre.
Lending Areas Map
Search exact locations and determine urbanity (Urban, Small-Centre, Rural).
Broker Portal
Streamline your file workflow with status updates and easy uploading!
Approved Appraisers
Find an approved appraiser from our list at the link below.
Submission Tips
Refer to our submission tips to help us process your files faster!
Broker Newsletter
Stay up to date on Magenta’s residential mortgage products and policies.
Broker Blogs
Grab a cup of coffee and read up on Magenta’s products, news and insights.
Locations
Where We Lend
We lend in urban, small-centre and rural locations across Ontario. We’re proud of our local roots and are excited to announce that we recently expanded to the Greater Toronto Area (GTA)!
Meet Our Team
Connect With Our Mortgage Origination Team
Paul Campbell
Vice President, Mortgage Originations
Veronica Daniel
Senior Business Development Manager, Southwestern Ontario
Tina Francis
Senior Business Development Manager, GTA East
Teena Stanley
Senior Internal Account Manager, GTA North
Nicole Wilson
Business Development Manager, Eastern Ontario
Paul Campbell
Vice President, Mortgage Originations
pcampbell@magentacapital.ca
Paul Campbell is the Vice President of Mortgage Originations at Magenta. He has been in the financial services industry for over 20 years and has worn many hats, including Underwriter, Mortgage Agent, and Business Development Manager. Most recently, Paul led business development at Merix Financial and Equitable Bank. In these roles Paul was responsible establishing and building key partnerships within the broker community, going above and beyond to provide brokers and their clients with exceptional customer service.
Veronica Daniel
Senior Business Development Manager, Southwestern Ontario
vdaniel@magentacapital.ca
Veronica joined Magenta in October 2022. Veronica worked in specialized processing for the Government of Canada and as a Mortgage Agent with Citadel Mortgages. She was also a direct banking manager at the bank of Montreal.
Regions: Central and Southwestern Ontario regions including Hamilton, Burlington, Oakville, Kitchener- Waterloo, Guelph and Cambridge.
Tina Francis
Senior Business Development Manager, GTA East
tfrancis@magentacapital.ca
Tina has over 20 years in the financial services industry. As Regional Business Manager for GTA East with Equitable Bank, she was recognized as one of the most influential women in the mortgage industry by CMP Magazine. She held various senior positions in business development for lenders such as Paradigm Quest and Radius Financial and Regional V.P. for a start-up brokerage. This has enabled Tina to leverage her underwriting, recruiting and training skills, ensuring successful deal submissions.
Region: GTA East
Teena Stanley
Senior Internal Account Manager, GTA North
tstanley@magentacapital.ca
With nearly 20 years at Equitable Bank, Teena is a seasoned professional with extensive experience in Alternative Lending and a deep understanding of the end-to-end mortgage process. She was previously the Manager of the Funding Team at Equitable. Her proven track record in leading a team, ensuring timely deal closures, and driving operational efficiency makes her well-equipped to excel in her new role at Magenta.
Region: GTA North
Nicole Wilson
Business Development Manager, Eastern Ontario
nwilson@magentacapital.ca
Nicole brings with her experience in the mortgage industry, having worked with DLC’s National team and The Mortgage Source as a Mortgage agent. Her passion for learning the business, coupled with her exceptional relationship-building skills, makes her well-suited to take on this role.
Region: Eastern Ontario
Residential Broker FAQ
Common Questions
Where does Magenta Capital Corporation lend?
Magenta Capital Corporation funds real estate properties located in strong, stable urban markets where we have deep experience and understanding of property valuations, like Ottawa, Cambridge and Kitchener-Waterloo. We’re proud of our local roots and are excited to announce that we are now lending in the Greater Toronto Area (GTA)!
Which property types are included in your lending criteria and which are excluded?
Magenta lends on properties in marketable locations, including Urban, Small Centre, and Rural regions. Click here to see an interactive map of our lending areas.
Exclusions include:
- Properties with wood foundations
- Properties on a flood plain
- Properties on leased land
- Remote rural properties
- Properties outside the primary lending areas with a value of less than $150,000.00
- Mobile homes
- Remediated grow ops/meth labs
- Properties with holding tanks
- Properties on cisterns
- Properties with a shared well
- Farm land from which income is derived
- Properties where the sole source of heat is an outdoor furnace
- Log homes
- Properties with any gas tanks or fuel storage
- Properties that show an apparent lack of “pride of ownership”
How do I submit a deal to Magenta Capital Corporation?
After the broker and regional manager discuss the deal, the broker will submit the file using the platform of their choice. An underwriter and funder will be assigned, and the file will be completed through a solicitor.
How can I view the application status of my file once it has been submitted?
- Submit your file through the Submission Platform of your choice.
- Once received by Magenta Capital Corporation, you will receive a “Confirmation of Application Received and Underwriter Assigned” email with the next steps and a link to the broker portal.
- If you don’t have a portal account, you will receive a separate one-time account activation email. Please ensure that it is not in your junk folder.
- Log in to your broker portal account.
- View the application status of your file on the “My Loans” page. Loans in progress will appear in the “In Progress” tab.
For more information on the Broker Portal, please refer to our Broker Portal User Guide.
How can I activate a broker portal account?
- Please email levans@magentacapital.ca for activation of your broker portal account.
- Once activated, you will receive a one-time “Broker Portal Setup Account Activation” email with a temporary password. Please ensure that it is not in your junk folder.
- Use the temporary password to set up your account.
- Log in any time on our website at magentacapital.ca, or through the link in the underwriting communication emails.
For more information on the Broker Portal, please refer to our Broker Portal User Guide.
How can I check the condition status of my file & see which documents have been reviewed, accepted, or require updates?
- Log in to your broker portal account (or reach out to your representative to activate an account)
- Click on the “File Name” on the “My Loans Page” to view detailed information about the file.
- Once your documents are uploaded, the following status updates will populate in the “Outstanding Conditions and Documents field”:
– Waiting for review: Appears when a document is successfully uploaded
– Reviewing: Appears when documents are under review
– Changes Needed: Appears if updates are required to the documentation. Notes will be provided on required updates.
– Approved: Appears when document is accepted.
– Rejected: Appears if a document is not accepted. Notes will be provided to advise why the file was rejected and what document(s) are required.
For more information on the Broker Portal, please refer to our Broker Portal User Guide.
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