Home Trust’s Accelerator Mortgages Post Strong Growth
Home Trust’s “Accelerator” line of “A” mortgages is now available coast-to-coast.
Home recently added four new provinces to its lending area: Manitoba, Saskatchewan, New Brunswick, Newfoundland/Labrador. Home also extended its lending areas in British Columbia, Alberta, Ontario, Quebec, Prince Edward Island and Nova Scotia.
The company has posted a 20% increase in mortgage originations over the last year. “The majority of that growth was fuelled from the Accelerator Products,” says spokesperson, Michelle Johnstone.
To keep up with its expansion, Home says it’s “hiring and building underwriting teams to support each region.”
Home Trust started out “over 30 years ago as an Ontario-based, Alt-A residential niche lender,” says Pino Decina, Senior VP of Mortgage Lending. Now it's grown into a national trust company with a $1.4 billion market value.
Decina credits brokers with Home’s rapid growth. He says, “Our number one commitment is to continue delivering the great service and fast turnaround times to our brokers.”