Mortgage Administration & Servicing
Trying to manage your own private mortgage could be a daunting task, especially if you have more than one.
Get help underwriting your mortgages and loans
Administering a mortgage loan is the servicing required after the loan agreement or mortgage commitment has been executed (i.e. the underwriting is complete). But it all starts with proper underwriting. Our professionals, including lawyers and other qualified mortgage agents and brokers, at Mortgage Administrator can facilitate the mortgage underwriting and drafting of the loan agreement or mortgage commitment.
At any time you can retain us as your loan administrators
Typically our mortgage lender clients outsource their loan administration once the loan closes (which we handle as well). Borrowers will also receive a letter that explains that we will be administering the mortgage loan on behalf of our lenders.
We are the backbone of your mortgage and loans
Mortgage lenders should be busy evaluating potential borrowers’ creditworthiness, the equity left on the collateral property and issuing loans. Rather than creating a separate department to service your loans, its often best to outsource this function to Mortgage Administrator that specializes in mortgage and other loan closings, mortgage (or any type of loan) administration and mortgage enforcement, including power of sales and foreclosure, or enforcing recovery of any other type of loan.
Get a Free and Confidential Consultation with our Experts
If you find yourself in need of any advice regarding Mortgage Administration and Fund Management such as investor relations and raising capital for your Mortgage Investment Coporation, do not hesitate to contact us.
Fund Management & Investor Relations
Mortgage Administrator prides itself on knowing all that it takes to manage and operate a Mortgage Investment Entity, such as a MIC or a Mortgage Investment LLP.
As pioneers in this industry, with over 60 years of combined experience, we can assist you with:
Preparing your initial Offering Memorandum, Subscription Agreement and business plan to provide your investors and shareholders.
Navigating through the intricacies of completing a subscription agreement, the exemption from prospectus certificates and acknowledgements, the know your client (KYC) and know your product (KYP) forms.
Completing your exempt distribution reports and filing them with the securities commissions and regulators in a timely manner.
Issuing and delivering certificates, units or shares to investors, partners or shareholders, and updating the required resolutions, registers and ledgers.
Completing corporate matters including acquisitions and amalgamations.
Regulatory changes and updating the offering memorandum, subscription agreement, exemption forms and certificates and any other requirements of matters of compliance.
Operational matters such as investing in mortgage portfolios and lending on mortgages secured against residential and commercial real estate.
Underwriting simple and complex mortgage loans taking into consideration the lending parameters of the Mortgage Fund and the needs of the borrower, balanced between their ability to pay and the collateral available to secure against.
Putting together the deal terms of co-lending arrangements and drafting inter-lender agreements in a syndication or prioritized lending consortium.
Closing your mortgage loan transactions, including drafting the required security documents, completing title and off title searches, advising on any further inquiries of the borrowers, guarantors and collateral, registering and perfecting the security.
Demanding payment, collecting arrears, enforcing the mortgages and any remedies available under the security documents, laws and regulations, including power of sales and foreclosures.
Get a Free Demonstration of Our Services
Contact us now to get a free demonstration of our services, including an example of our reports and online portals for you and your investors!
Our Team of Experts Keeps Growing!
Here to serve for over 12 years, our legal experts are skilled at enforcing debt collections of all kinds, including the laws and regulations regarding mortgages, finance and commercial law in general, and have years of experience in Ontario.
Mr. Levy represents mortgage investment corporations (MICs), mortgage funds, mortgage brokerages and administrators from all provinces wanting to extend loans in Ontario. Jeff works with many MICs, mortgage lenders, including private lenders, and lenders of all kinds from nearly every province in Canada, including British Columbia (BC), Manitoba, Alberta, and the maritime provinces. Jeff Levy is extremely experienced in understanding complicated mortgage loan agreements with multi-collateral structures, diverse payments and elaborate recovery provisions for every unique situation. His long history of experience in mortgage enforcement, power of sale, and foreclosures, has given him the knowledge to foretell viable exit strategies at the loan origination stage of almost every single mortgage deal.
Shannon Dolphin has been working with MICs for over 25 years. Shannon initially raised private equity for Western Canadian MICs from 1995 to 1998 and was previously raising equity for publicly traded companies for a decade. Her diverse knowledge of the Security Commission requirements has proven a valued skill for administering MIC and their exempt investments. Coincidently, Dan Dolphin and Dolphin were customizing Mortgage and Accounting servicing software since 1990. As a pioneer in software development, Dolphin created MIC Manager for MICs and Canadian Private lenders in 2002. Shannon Dolphin with her father, acquired the first MIC client in 2004 and have now grown to be the largest software supplier to Canadian private lenders.
Shannon suddenly took over Dolphin Enterprises in 2006 and has continued the legacy of focusing on client specific needs and requests. Having worked with all types of Canadian private lenders, she has a deep understanding of the unique diverse requirements and business needs for all types of Alternative Lenders. Shannon’s experience along with her staff and software continue to provide outstanding customized administration services for all types of Canadian Alternative Lenders.
Looking for a strong legal team to support your mortgage and loan business?
That's where we can help. Working closely with law firms all across Canada, we can make suggestions based on fit and affordability!