Canadian Mortgage Servicing Corporation
Through our wholly-owned subsidiary, Canadian Mortgage Servicing Corporation (CMSC) we provide best-in-class mortgage servicing to mortgage investors. CMSC has been operating since 2001, providing complete mortgage servicing solutions to a range of mortgage investors.
Mortgage servicing in Canada is shifting from direct administration by lenders to sub-servicing by specialized companies such as CMSC, which are focused on servicing and all of the required back-office activities. Outsourcing servicing has been well established in the United States where over 70% of commercial mortgage administration is handled through sub-servicers. By outsourcing mortgage servicing, lenders avoid the additional time and costs incurred by servicing in-house.
We have a blend of sophisticated automated mortgage systems plus the personal touch and attention that only a specialty mortgage servicing firm can offer. We service and manage a wide variety of loan structures including interest-only payments, interest accruals, multi-advances, partial discharges, and prepayments. We can also service commercial mortgage backed securities (CMBS).
CMSC services the mortgage portfolios for two public companies listed on the Toronto Stock Exchange: Atrium Mortgage Investment Corporation, a $500 million mortgage investment corporation (symbol: AI), and (ii) Dream Hard Asset Alternatives Trust (symbol: DRA.UN). We also service and administer a mortgage portfolio for a private pension fund client that is building to a $150 million mortgage portfolio. We also administer mortgages for major lenders such as Manulife, Sun Life, Great West Life, BNP Paribas, and Midland Loan Services.
For information on mortgage servicing, please contact Mary Foley (416) 607-4202, or Elizabeth Lee at 416-607-4208, or email email@example.com.