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Bob Ord Departs From Mortgage Architects

News Mortgage Architects (MA) President/CEO, Bob Ord, has moved on from the firm he started five years ago.

Monday was reportedly his last day.

Alice Chan will be the “Acting CEO” of Mortgage Architects, per its website.

Highly accomplished and known throughout the industry, Ord is a mortgage veteran. Prior to starting Mortgage Architects, he was one of the architects of FirstLine, the nation’s largest broker lender.

From the sense we get, Ord’s leaving was at least in part, a company decision, but that’s not confirmed. We called and he verified his departure with us, but was unable to comment in detail at this time.

One of Mortgage Architects’ founding brokers, Don Stoddart, said: “Bob has always tried to bring out the best in people and empower them to make decisions. He’s always been successful no matter where he’s gone and his word was his bond. It was a sad day for a lot of people…”

“Bob likely has new opportunities available to him where he can make further positive contributions to the industry as a whole,” said Peter Majthenyi, another of MA’s original brokers.

“Bob made a huge contribution over the last 35 years to not only MA, but the industry as a whole…and has been the brainchild of MA and myNext, which all MA brokers have benefited from.”

Going forward, Mortgage Architects remains well-served by an exceptional management team, including Alice Chan, Meini Ickert, Kelly Neuber and others. We know each of them, having been with MA since 2008. That team, plus MA’s proprietary lender (myNext Mortgage) and unique model, are major assets for the company.

Sidebar:  In separate news, Mortgage Architect’s parent, Pacific Mortgage Group Inc., was recognized today by Profit Magazine as the 2nd fastest growing company in Canada. More on that here.

Rob McLister, CMT