
For immediate release
MyNextMortgage Company to Rebrand as Radius Financial
New name reflects full valueproposition
Toronto, ON(October 22, 2011) - MyNext MortgageCompany, a Canadian owned and operated approved lender, is rebranding as RadiusFinancial. The change is effective November 1 and will be rolled outcompany-wide in the coming weeks.
Part of the Pacific Mortgage Group, myNext is a next-generation mortgage lenderthat combines the best of experience and innovation. As Radius Financial, thecompany will continue to deliver products that meet the diverse and changingmortgage needs of Canadians, while maintaining its strong dedication tocustomer service and satisfaction.
Ronald D. Swift, CEO of Pacific Mortgage Group, says the change is a boldstrategic move designed to emphasize the company's customer-centric approach."Our customers are at the centre of what we do. Radius Financial perfectlyillustrates how we will surround them with a variety of lending products andservices that will meet their borrowing needs today and tomorrow. We want toshow we're more than a mortgage company, we're partners for life."
The rebrand comes on the back of several months of internal discussion andresearch. As the company expands its market footprint, a new name was needed tomore accurately reflect its complete value proposition.
"Radius encompasses what we do as a company today, and our goals andvision for the future," says Swift, adding brokers are excited about thechange. "Everything Radius Financial does is in partnership with itsbrokers so they can grow their businesses and provide clients with the lendingproducts they need to build wealth, achieve financial security, and live lifeto the fullest."
The company's ownership, people, mortgage products and great service areunchanged. Radius remains part of the Pacific Mortgage Group, which arranges inexcess of $6 billion in mortgages annually and has more than $1 billion inmortgages under administration.
"The industry is rapidly changing and exciting opportunities lieahead," says Swift, who this month took over as CEO in charge of overallgroup operations. "Radius is part of our effort to capitalize on theseopportunities to grow our company, expand our client offering and optimizeshareholder value. Our goal is to grow into a full-service financial companyand this is part of the evolution."
ABOUT RADIUS FINANCIAL
Radius Financial, formerly myNext Mortgage Company, is a next-generationresidential mortgage lender. Built by some of the most experiencedprofessionals in the industry, Radius provides exceptional service and isdedicated to helping more Canadians achieve their goals for home ownership andfinancial security. Mortgage products are distributed through MortgageArchitects, MortgageBrokers.com and select brokers in certain provinces.Radius, as myNext, has funded more than $1.5 billion since inception and is anapproved lender with Canada Mortgage and Housing Corporation (CMHC) andGenworth Financial.
ABOUT PACIFIC MORTGAGE GROUP
Pacific Mortgage Group is a Canadian financial services company focused oncreating a virtual bank that will deliver unique lending products and mortgageplanning services to the company's broker owners.
For more information:
Ronald D. Swift, AMP, CMB
Chief Executive Officer
Pacific Mortgage Group Inc.
Ron.swift@radiusfinancial.ca
(416) 366-4321 ext 588
Pacific Mortgage Group Inc. announces Ron Swift as CEO
Toronto, ON (September 19, 2011) — The Board of Directors of Pacific Mortgage Group Inc. is delighted to announce the appointment of Ron Swift as CEO of overall group operations.
Mr. Swift, a Canadian mortgage hall of famer and one of the Canadian mortgage industry’ s most recognized and respected leaders, will take over the helm at Pacific in the coming weeks.
"The appointment of Ron Swift to lead our continuing growth at Pacific signals the achievement of a great milestone for our company, our shareholders and for myself personally", said Alex Haditaghi, the company’s Founder and former CEO, who will move to a key support role as Executive Vice Chair. "I have admired and respected Ron’s accomplishments for many years and am extremely pleased that he has agreed to lead our company forward. This is a great day for me, and for all of our brokers, employees and shareholders.
For almost two decades, Mr. Swift held a variety of leadership roles at a leading mortgage industry company. In the last ten years, he has served brilliantly as its President, overseeing broker channel sales and mortgage origination, mortgage servicing and sub servicing. A former mortgage broker and native of Vancouver, Ron brings extraordinary knowledge of Canada's retail mortgage business to Pacific.
"I am pleased to take on this exciting challenge at Pacific at this point in its history", said Swift. "Our industry is going through another remarkable period of change, with a whole range of new opportunities presenting themselves. Pacific is the perfect platform for me to apply my company-building experience, with a real focus on expanding our market footprint and optimizing shareholder value".
According to Alfred Apps, Chairman of the Board of Pacific Mortgage, “Ron Swift is an industry leader with vision and an unblemished reputation for integrity. We want to welcome him to Pacific as we work together to take the company to the next level."
"The Board and shareholders also owe a great debt to Pacific founder, Alex Haditaghi. We greatly appreciate his hard work and dedication since the inception of the company. He successfully led the Company not only through the difficult transition of a merger and acquisition, but also through a period of tremendous growth".
"Under Alex's inspired leadership, Pacific has been recognized as the 2nd fastest growing company in Canada by Profit Magazine," said Apps. "He and the very capable management team he attracted to Pacific have built great systems, a profitable business model, and a solid reputation in the mortgage brokerage and lending industry which, with his continuing involvement as director and Vice-Chair, we intend to build on."
For more information:
Alex Haditaghi, CEO
myNext Mortgage Company
416-528-9999
myNext continues its exponential growth by strengthening its senior sales team in BC
Toronto, ON (September 12, 2011) — myNext Mortgage Company continues to expand its national salesforce by recruiting Sonny Saran for one of two Regional Vice-President, Business Development positions for British Columbia.
Saran brings over 20 years of financial services experience, most recently working with a national monoline lender in the BC region. Previously, Saran worked thirteen years with a major Canadian bank, which included six years as a Branch Manager in South Surrey/White Rock. During this time, Saran's branch was recognized as one of the top performing branches in Canada. And, as part of the bank's internal committee for the BC Children's Hospital fundraising campaign, he helped the bank raise a record amount for the charity. Saran also has experience as a financial planner with a mutual fund dealer where he helped clients achieve their financial goals.
"The BC market is a critical component of our growth strategy and we are confident that Sonny Saran will help us achieve our aggressive targets," said Alex Haditaghi, CEO of myNext Mortgage. "We are very impressed with his mortgage lending and overall financial services experience; based on his past accomplishments, we know he can deliver for myNext." Saran will work with brokers at Mortgage Architects and with select external brokers, providing support and training on the myNext products and the many other business advantages available through myNext Mortgage.
"This is a perfect next step in my career," said Saran. "The industry has been hearing so many good things about myNext and I believe this to be a very exciting opportunity. myNext is a committed growth company, with a highly motivated executive team. I look forward to helping them implement their vision and strategic direction."
"Our goal is to maximize shareholder value and we need people like Sonny Saran to help us achieve our aggressive growth plans," said Haditaghi. "We are very committed to the BC marketplace and plan to hire an additional senior sales team member for this market."
ABOUT MYNEXT MORTGAGE myNext Mortgage Company is a next-generation residential mortgage lender. Built by some of the most experienced professionals in the industry, myNext provides exceptional service and is dedicated to helping more Canadians achieve their goals for home ownership and financial security. Mortgage products are distributed through Mortgage Architects, MortgageBrokers.com and select brokers in certain provinces. myNext has funded over $1.3 billion since inception and is an approved lender with Canada Mortgage and Housing Corporation (CMHC) and Genworth Financial.
For more information:
Alex Haditaghi, CEO
myNext Mortgage Company
416-528-9999
Sonny Saran
Regional Vice President, BC
myNext Mortgage Company
604-809-7456
myNext Mortgage adds another industry leader to its senior sales team
Toronto, ON (August 29, 2011) — myNext Mortgage Company continues to implement their plans for aggressive expansion by attracting Raj Singh to Regional Vice-President, Business Development for the Toronto and surrounding areas.
Singh brings over 10 years of industry experience, primarily working for a major Canadian bank. Over a 3-year period, Singh successfully achieved the number one ranking for his region, dramatically increasing volume on a year-over-year basis. Prior to this accomplishment, he worked within another mortgage division as Sales Manager, where he developed and managed a large team of mortgage specialists. Singh has also worked in mortgage retention and as a mortgage specialist, giving him valuable hands-on customer experience."Raj Singh has been extremely successful developing relationships with mortgage brokers and delivering excellent volume numbers," said Alex Haditaghi, CEO of myNext Mortgage. "We listen to our brokers; they told us about Raj's experience, reputation, and dedication to helping them build their businesses. We're confident he will deliver stand out results with myNext and help us achieve our growth targets."
As Regional Vice President for Business Development in the GTA, Singh will work with brokers in the Mortgage Architects and MortgageBrokers.com networks, and with select external brokers. He will provide support and training on the company's products and the many advantages of doing business with myNext Mortgage.
"This is an exciting step in my career," said Singh. "myNext wants to become a powerful lender; the fact that they are in growth mode while others have faltered over the years speaks volumes of the management team's success. Pacific Mortgage has clearly demonstrated they have a strong vision and are completely committed to the broker industry.""We have fantastic momentum right now as we continue to focus on maximizing shareholder value. Raj Singh will play a key role in moving our aggressive growth plans forward," said Haditaghi. The company also looks to gain strength in B.C. and plans to hire an additional high-reputation RVP for that market.
ABOUT MYNEXT MORTGAGE myNext Mortgage Company is a next-generation residential mortgage lender. Built by some of the most experienced professionals in the industry, myNext provides exceptional service and is dedicated to helping more Canadians achieve their goals for home ownership and financial security. Mortgage products are distributed through Mortgage Architects, MortgageBrokers.com and select brokers in certain provinces. myNext has funded over $1.3 billion since inception and is an approved lender with Canada Mortgage and Housing Corporation (CMHC) and Genworth Financial.
For more information:
Alex Haditaghi, CEO
myNext Mortgage Company
416-528-9999
Raj Singh
Regional Vice President, GTA
myNext Mortgage Company
416-728-7180
myNext Mortgage is poised for growth through expanded distribution
Toronto, ON (July 13, 2011) — myNext Mortgage Company is expanding distribution to select brokers outside of the Mortgage Architects and MortgageBrokers.com group of companies in B.C., Alberta and Ontario. myNext is known for its high-quality underwriting and service, which will now be available to brokers in these provinces who pass certain qualifying hurdles and are interested in a long-term partnership of mutual benefit. myNext will remain an exclusive lender for Mortgage Architects and MortgageBrokers.com in Saskatchewan, Manitoba, Quebec and Atlantic Canada.
"With the recent announcements of lenders leaving the marketplace, we feel that the timing is perfect," said Alex Haditaghi, CEO of myNext Mortgage. "It is never good for our industry when a lender closes shop. Brokers need a strong selection of lenders and now they have a new option to present to their clients."
Brokers can initiate the process with myNext by going to the company's website at www.mynext.com and completing the broker sign-up form, or by contacting one of the company's new Regional Vice-Presidents for business development. myNext has hired two industry veterans - Jim Fitzgerald will work with brokers in Ontario (Toronto and west), while Dave Mercer will work with brokers in Alberta. In the next few weeks, myNext expects to hire two additional RVPs for British Columbia and eastern Ontario. The RVPs will assess interested brokers based on the company's qualifying criteria.
"We've had a successful first half in 2011 with strong volumes and profitable mortgage sales. We want to build on this momentum and maximize shareholder value, and we are very excited to work with more brokers across Canada," said Haditaghi.
ABOUT MYNEXT MORTGAGEmyNext Mortgage Company is a next-generation residential mortgage lender. Built by some of the most experienced professionals in the industry, myNext provides exceptional service and is dedicated to helping more Canadians achieve their goals for home ownership and financial security. Mortgage products are distributed through Mortgage Architects, MortgageBrokers.com and select brokers in certain provinces. myNext has funded over $1.3 billion since inception and is an approved lender with Canada Mortgage and Housing Corporation (CMHC) and Genworth Financial.
For more information:
Alex Haditaghi, CEO
myNext Mortgage Company
416-528-9999
Lorraine Sato
Vice President Underwriting
myNext Mortgage Company
416-366-4321 ext. 250
Jim Fitzgerald
RVP, Ontario West
905-699-3358
Dave Mercer
RVP, Alberta
403-837-7733
myNext Mortgage enters prime conventional lending
Toronto, ON (March 25, 2011) – Effective Monday, March 28, myNext Mortgage Company will have prime conventional mortgage lending available to the company's broker distribution channel - Mortgage Architects and MortgageBrokers.com.
"It has always been our goal to offer a full product suite with very competitive rates and flexible payment and pre-payment options," said Alex Haditaghi, CEO of myNext Mortgage. "Our brokers have been asking for conventional mortgages so we've every excited to partner with them in this significant segment of the mortgage market."
myNext Mortgage is known for excellent underwriting and now the company's brokers who specialize in conventional mortgages can take advantage of that fast and efficient service.
"It's a win-win if our brokers can turn to us for their conventional mortgage needs. and it allows us to help more Canadians achieve their dreams of home ownership and financial security," said Haditaghi.
ABOUT MYNEXT MORTGAGE myNext Mortgage Company is a next-generation residential mortgage lender. Built by some of the most experienced professionals in the industry, myNext is focused on delivering products that meet the diverse and changing needs of Canadians, and is dedicated to customer service and satisfaction. Mortgage products are distributed through Mortgage Architects Inc. and MortgageBrokers.com. myNext has funded over $1.3 billion since inception and is an approved lender with Canada Mortgage and Housing Corporation (CMHC), Genworth Financial, and Canada Guarantee.
For more information:
Alex Haditaghi, CEO
myNext Mortgage Company
416.528.9999
Lorraine Sato
Vice President Underwriting
myNext Mortgages Company
416-366-4321
Meini Ickert
Vice President, National Sales
Mortgage Architects
1.888.418.2120
myNext Mortgage hires Tony Hili to head new Commercial Mortgage Company
Toronto, ON (February 1, 2011) – Alex Haditaghi, CEO of myNext Mortgage Company, is pleased to announce the launch of myNext Commercial Mortgages Inc., a new division of myNext that will be headed by Tony Hili, Senior Vice President & Managing Director. The new company will arrange industrial, commercial and investment real estate (ICI) financing for a variety of properties across Canada.
Tony Hili has extensive experience in commercial real estate, valuation, business finance, and credit risk. He has held numerous senior management positions over the last 20 years, including Principal & Managing Director at Phyl-Ton Financial Corporation, Vice-President & General Manager at PHH Corporation, Vice-President Mortgages & Construction Lending at General Trust Corporation (Laurentian Bank of Canada), and was retained by several financial institutions as a Financial Advisor and Real Estate Consultant.
myNext Commercial will develop business through the Mortgage Architects and MortgageBrokers.com broker networks and through direct business development. "There is huge potential to build this new company given the need in the marketplace and the distribution available through myNext's national network of brokers," said Hili. "We're thrilled to attract someone of Tony's calibre. I've known him for over thirty years; he'll be a tremendous asset to myNext," said Lorraine Sato, VP Underwriting for myNext.
Type of financing will include:
- mortgages on commercial retail, office, hotel, industrial, self storage, nursing homes, retirement residences, builders inventory, multi-residential rental apartments, condominium and town home projects;
- interim construction financing, including land acquisition, servicing and construction facilities on similar properties;
- real estate joint venture projects, helping subdivision home builders with project partners and financing facilities; and,
- commercial banking; operating lines of credit and term loan facilities secured by business and real estate holdings.
Loan amounts will be $1 million minimum to $100 million plus. Funding will be arranged through conventional and non conventional lenders subject to their lending criteria. Antoniette Doria, a licensed mortgage broker, will work with Hili as an Account Manager.
"We're very excited about offering this added-value service to our broker networks across Canada," said Haditaghi. "There is tremendous opportunity for an experienced individual like Tony Hili to build a strong commercial business for myNext."
ABOUT MYNEXT MORTGAGE
myNext Mortgage Company is a next-generation residential mortgage lender. Built by some of the most experienced professionals in the industry, myNext is focused on delivering products that meet the diverse and changing needs of Canadians, and is dedicated to customer service and satisfaction. Mortgage products are distributed through Mortgage Architects Inc. and MortgageBrokers.com. myNext is an approved lender with the largest Canadian mortgage insurer - Canada Mortgage and Housing Corporation (CMHC) and other private insurers.
For more information:
Tony Hili
Senior Vice President & Managing Director
myNext Commercial Mortgages Inc.
416-366-4321 x 263
Cell 416-592-0587
myNext Lending Corp. and Mortgage Architects look to virtual bank capability: Agreement sets a new direction for the Canadian mortgage industry
"Mortgage Architects is the jewel of the mortgage industry in Canada," said Haditaghi. "Bob Ord is a renowned industry veteran, they have an exceptional management team, and they designed a company based on a unique model of only 100 elite Lead mortgage planners who are considered the legends of the mortgage brokerage industry."
Prior to founding Mortgage Architects, Bob Ord played an integral role in the development and success of industry giants such as FirstLine Mortgages, Mortgage Centre Canada, Filogix Inc. and Mortgage Intelligence.
"Our goal is to evolve myNext Mortgage Company into a Canadian Bank that is centered around the mortgage financing transaction," said Haditaghi. "We plan to deliver unique products and build the technology infrastructure for the company's mortgage planning mandate, which is to provide niche products and exceptional advice to customers as they move through their life stages, from pre buyer to retired, ultimately managing their debt for the creation of wealth along side a partner financial planner."
"This is wonderful news for our mortgage planners and customers", said Ord. "We began with a vision of an elite financial services organization built on advice, experience, leading-edge technology and unique products and services. We've worked very hard to build that foundation, and now, with Pacific NA and their financial resources, we can take this great brand to that next level."
"For most Canadians, a mortgage is the centerpiece of their financial plans," said Ord. "We always believed that homebuyers were best served by highly experienced mortgage planners. We've had an incredible beginning, and what's on the horizon here is now even better."
ABOUT MORTGAGE ARCHITECTS INC. Mortgage Architects is a national mortgage brokerage with its corporate head office in Mississauga and regional offices in Vancouver, Calgary, Laval, and Halifax. The company is focused on delivering mortgage advice and planning to Canadians. Lead planners require a proven track record of high professional standards and $25 million in yearly volume prior to joining the company, which is structured to be owned by the planners themselves. Lead and associate planners offer homeowners access to mortgage options from over 50 lenders, including major banks, credit unions, trusts and other national and regional lenders. With this outstanding range of mortgages and lenders, the experienced mortgage planners of Mortgage Architects are helping more Canadians achieve their goals of homeownership and financial security. For more information: www.mortgagearchitects.ca.
ABOUT MYNEXT MORTGAGE myNext Mortgage Company is a next-generation residential mortgage lender. Built by some of the most experienced professionals in the industry, myNext is focused on delivering products that meet the diverse and changing needs of Canadians, and is dedicated to customer service and satisfaction. Mortgage products are exclusively distributed through Mortgage Architects Inc. myNext is an approved lender with the largest Canadian mortgage insurer - Canada Mortgage and Housing Corporation (CMHC) and other private insurers. For more information: www.mynext.com.
ABOUT PACIFIC NA Pacific NA is a financial services company focused on creating a virtual bank that will deliver unique lending products and mortgage planning services to the company's broker owners.