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CA Mortgage Architects acquires Argentum Mortgage and Finance

Property Here - Friday, August 23, 2013

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Mortgage Architects recently acquired Argentum Mortgage and Finance Corp., a network of more than 500 mortgage brokers.

“The acquisition of Argentum is in line with our long-term growth initiatives,” says Ron Swift, CEO of the Pacific Mortgage Group. Argentum Mortgage Brokers will re-brand under the Mortgage Architects label with the full transition expected to be complete by the first quarter of 2014, the company says. “We are focused on building a large distribution network to line up with our manufacturing capabilities on the lending side,” says Swift.

Albert Collu, a past-president of the Independent Mortgage Brokers Association, founded Argentum in 2009. Collu has been appointed president of Mortgage Architects and will be a partner and shareholder, the company says.

“Albert’s vision is very much aligned with Mortgage Architects’ leadership,” says Swift.

“The bringing together of Argentum and Mortgage Architects will position the organization as a formidable presence in our industry and create significant momentum,” says Collu. “The unique and compelling model and structure at Mortgage Architects will support our brokers and give them a dynamic path for growth and opportunity in the industry.”

Mortgage Architects is a national mortgage brokerage with a network of brokers across Canada and offices in Toronto, Mississauga, Vancouver, Calgary, Laval and Halifax. The company says Mortgage Architects is “the only brokerage in Canada where brokers benefit from the ownership of a lender and the unique opportunities of this affiliation.”