Broker Channel companies are all over the Profit 200 – with four of the industry’s highfliers winging their way to the top half of the list honouring Canada’s fastest growing companies.
Boutique brokerage True North Mortgage climbed the highest, with its 1,674 per cent growth earning the company No. 23 on the list of 200.
Dominion Lending Centres and Pacific Mortgage Group – parent company of Mortgage Architects and Radius – claimed spots 32 and 33, respectively, reporting growth of 1,236 per cent and 1,161 per cent.
Lender outsourcing firm Paradigm Quest earned the 96 spot on the annual listing, which ranks companies by their five-year revenue growth. Revenue and net income are verified through financial statements and growth rates calculated using base-year revenue of at least $200,000.
The performance is a boost to all four players, but also for the industry they serve. The news also coincides with the Canadian Mortgage Awards, which saw players from DLC, Mortgage Architects and Paradigm Quest honoured from the podium.
True North is the immediate past recipient of the CMA Top Brokerage of the Year (under 25), with its principal Dan Eisner also claiming the second spot on last year’s CMP Top 50. Since then his brokerage, relying on a heavy Internet presence to drive rate-sensitive clients to a growing number of upscale storefronts, has further added to that retail operation, bringing in $3.5 million in revenue for 2011.
Corporate revenue for DLC alone came in at $23.5 million, skyrocketing from the $1,759,147 logged in 2006, the benchmark year.
Pacific Mortgage Group brought in $57.5 million last year, up from the $4.6 million of 2006.
Revenue gains aside, the collective performance of the four broker channel players should help the industry make further inroads into the mainstream, say analysts, pointing to the high-profile nature of the Profit 200.
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