Headquarters: Toronto, ON
Year founded: 2016
Known for fast approvals and quick closings, Hosper Mortgage lends on residential first, second and third mortgages across Ontario. “In order to best serve our broker partners, we focus on three core lending principles: speed, consistency and flexibility,” says business development manager Jerry Weiliczko. “The faster we can say yes, the faster our broker partners can provide a solution to their client. Consistency is important so that brokers can anticipate our terms and timelines to prepare their client. Lastly, flexibility has won us many deals. Many brokers choose Hosper when their clients don’t fit into the rigid boxes required by A lenders.”
Year-to-date, Hosper’s average response time from submission to approval is less than two hours. Commitments are provided the same day, and once a file is broker complete, Hosper operates with a mandate to provide the borrower’s lawyer with closing instructions in under 48 hours. “We understand that the broker’s [and agent’s] role is critical to the entire industry,” Weiliczko says, “and we act deliberately to support our brokers in return.”
