An Ontario brokerage and fintech company is redefining the borrower-lender relationship in real time
Ontario brokerage, lending, and fintech company Lendwire is changing the game for borrowers, providing seamless access to lenders like never before. By harnessing advanced technology, Lendwire speeds up the process, delivering real-time answers and results for all types of financing, including commercial and agricultural loans.
The company’s fintech subsidiary, Lendwire Technologies, develops cutting-edge, ready-to-use white-label and proprietary technology for lenders, consumers, and brokerages. This innovation sets a new standard in the financial industry, complemented by its brokerage arm, which provides borrowers with access to lenders in an entirely new way.
In its first year, Lendwire achieved significant milestones, generating $1.8 million in revenue and a successful seed round that raised $1.35 million. These accomplishments reflect the company’s unique approach and the market’s recognition of its potential.
“We don’t see other fintech companies as competition, but like-minded innovators who will bring us into the future,” says founder and principal broker Shawn-Marc Melo (pictured top). “We have stalled as an industry, and we believe our technology is a game changer that can help push the industry into its next evolution. We predict it will encourage our competitors and like-minded innovators to take more chances and liberties with their creations.”
One of Lendwire’s standout innovations is its consumer-facing Lendwire Mobile App. This comprehensive financial tool goes beyond a simple mortgage calculator, offering users detailed insights into their financial picture, including tracking their mortgage with any lender and viewing documents from closed transactions.
Users can create budgets, track net worth, and manage bank statements by syncing with major American and Canadian banks in real time. The app also features Lendwire Secured Mastercard, which rewards users for closed deals, referrals, and loyalty while helping them build credit.
For brokers, Lendwire’s latest innovation is Blitz, a platform designed to streamline every aspect of their work. Dubbed “The End of Alt + Tab,” Blitz consolidates origination systems, email platforms, lender portals, and websites into one seamless interface.
It provides updated rates, access to lender portals, and the ability to submit deals through one of six preferred origination platforms. This tool has significantly reduced agents’ time from application to close, with some applications now completed in under 15 minutes.
“Blitz is exactly as the name suggests: a full-on attack to close your deals and manage client relationships,” says Melo. “A client can be serviced, and the broker can access powerful tools such as PDF conversion and splitting, and even automations.”
CMP named Melo a Rising Star of 2024, underscoring his leadership of the company’s forward-thinking approach and dedication to redefining the lending landscape. Melo credits his mentor, Anthony Ambrosio of CSI Mortgages, as a catalyst for fueling his rising star status as an agent, principal broker, and fintech company founder.
“He shared all of his decades-long knowledge and worked with me tirelessly to get me to where I wanted to be,” he says. “Without him, there is no way we would exist as a company.”
With Melo overseeing daily operations on the brokerage side while pushing tech projects forward with their developers and Matthew Lattouf at the helm of the lending division, the award-winning team is on the leading edge of redefining the connection between borrowers and lenders with proprietary technology.
“Our culture is a genuine and integral part of our organization’s identity,” he says. “Our innovation stems from the fact that we are all innovators individually. We all strive to improve and streamline things, from our agents to client services, accounting, and marketing departments.”
What sets Lendwire apart in the rapidly evolving fintech tech market is its deep passion and commitment to driving positive change and advancing the industry. Melo believes the mortgage industry is in “a special place,” with the rise of technology contributing to a revolution that will benefit lenders, brokers, and consumers.
Learn more about Lendwire’s cutting-edge technology, investor opportunities, and seamless approach to mortgages that place borrowers’ needs first by visiting Discover the Best Mortgage Experience in Canada | 50+ Lenders (lendwire.com). To connect with the team, email [email protected] or call 416-474-8578.
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