Matrix Mortgage Global and Competitor Profile
Matrix Mortgage Global is a prominent mortgage brokerage based in Toronto, Ontario. As a leading player in Canada's private lending market, the company offers innovative solutions in alternative lending, catering to both residential and commercial mortgage needs. With expertise derived from financial planning, insurance, real estate, and business sectors, Matrix Mortgage Global is renowned for providing services to credit-challenged clients, aiding in debt consolidation, foreclosure prevention, and credit score rebuilding.
Services Offered
Matrix Mortgage Global offers a diverse range of mortgage products tailored to various financial needs:
- Second Mortgages
- Home Equity Loans
- Refinance Mortgages
- Debt Consolidation Mortgages
- Bad Credit Mortgages
- Self Employed Mortgages
- First Time Home Buyer Mortgages
- Home Improvement Mortgages
- New to Canada Mortgages
- Spousal Buyout Mortgages
- Bridge Loans
- Mortgage Renewals
- Commercial Mortgages
Market Position and Achievements
Recognized as Canada's "Private Lending" brokerage for five consecutive years (2018-2022) and listed in the Growth 500, Matrix Mortgage Global boasts over $1.5 billion in mortgage originations. Their agents and brokers are adept at delivering swift approvals, ensuring clients receive prompt decisions, enhancing their reputation as a trusted provider.
Leadership and Executive Team
Shawn Allen, CEO, has driven the company to fund over $1.1 billion in volume, achieving significant growth. His background in database administration and marketing has guided Matrix Mortgage Global through various legislative changes. Anthony Stennett, Executive Vice President, manages operations to maintain high levels of client satisfaction and strong lender partnerships.
Contacts and Online Presence
- Website: [MatrixMortgageGlobal.ca](https://matrixmortgageglobal.ca/)
- Contact Email: [matrix@mmgb.ca](mailto:matrix@mmgb.ca)
- Phone Number: 855-55-FUNDS
- Social Media: [Facebook](https://www.facebook.com/matrixmortgageglobal/), [Instagram](https://www.instagram.com/matrix.tv/), [YouTube](https://www.youtube.com/channel/UC2o51oRR1gwmZvMIXnTdH8g)
Notable Insights
Matrix Mortgage Global is exploring blockchain and cryptocurrency options, showcasing their innovative approach to the evolving mortgage industry. Their adaptability positions them as key players in Canada's financial landscape.
Financial Overview
Matrix Mortgage Global's financial details are as follows:
- Estimated Annual Revenue: $21 million
- Number of Employees: 100
- Revenue per Employee: $210,000
- Employee Growth: Decreased by 3% over the past year
- Funding: Claims a pool of over $100 million available for lending
Competitive Landscape
Matrix Mortgage Global competes with various companies in the financial services sector, including:
1. Uplinq: Credit assessment platform with $0.9M in revenue and 18 employees.
2. Ethoca: Specializes in fraud prevention with $40.9M in revenue and 181 employees.
3. BeachHead Incorporated: Consultancy firm with $6.2M in revenue and 37 employees.
4. Fincra: Provides payment solutions with $19.1M in revenue and 91 employees.
5. Libro Credit Union: Offers diversified financial services with $229.3M in revenue and 780 employees.
Revenue Comparisons
Ethoca, with its focus on fraud prevention services, represents significant competitive pressures, particularly among clients needing secure transactions. Meanwhile, both Fincra and BeachHead provide niche competition in fintech and consultancy sectors.
Market Positioning
Matrix Mortgage Global strengthens its market position through:
- Alternative Lending Solutions: Serving non-conforming borrowers often overlooked by traditional banks.
- Private Lending Focus: Recognized as a leader in private equity lending by CMP.
- Client-Centric Approach: Fostering strong client relationships through understanding and tailored services.
Strategic Insights
Matrix Mortgage Global's emphasis on non-conventional borrowers fosters a unique market niche, setting it apart from traditional financial institutions. However, the decline in employee growth could suggest operational adjustments. Leveraging its substantial fund pool will likely bolster its competitive edge, especially in restrictive economic climates.