Toronto, ON, Canada – February 10, 2012: Portfolio+ Inc. is pleased to announce that Marathon Mortgage Corporation has chosen Portfolio Plus for the administration of loans, loan syndication, and mortgage broker agent management.
"Our market research and our three decades in the mortgage business led us to choose Portfolio Plus banking software to administrate our new loan business," said Harold Kennedy, President and CEO of Marathon Mortgage. "It has the features we want today with plenty of room for growth. In addition, their unique onboarding process, which they refer to as an Implementation Strategy Workshop, will allow us to commence business in short order."
"Harold Kennedy has a solid reputation in the mortgage business and we are proud to be doing business with Marathon Mortgage under his leadership,” said G. Robert Leeming. “Portfolio+ Inc. will strive to do everything we can to help Marathon Mortgage Corporation be successful."
Marathon Mortgage Corporation's goal is to become one of the most reliable residential and commercial mortgage lenders in Canada, providing competitive mortgage products, competitive mortgage interest rates, competitive mortgage terms and reliable service through quick turnaround service to its borrowers and broker partners. Marathon Mortgage Corporation will underwrite prime-insured and conventional residential and commercial mortgages that will be sold to mortgage investors, such as banks or trust companies, co-operatives, securities firms and insurance companies. Marathon Mortgage Corporation expects to retain the majority of servicing for these mortgages.
Portfolio+ Inc. connects financial institutions with customers and partners using innovative technologies. Its software solutions and open banking technology are used by financial institutions in Canada, Ireland, and the UK. With its powerful +Open Banking Platform and fully documented APIs, Portfolio+ has the power to connect banks, credit unions, and financial institutions with an evolving ecosystem of financial services technology that is putting everyday customers in control of their financial data.
Located in the Greater Toronto Area (GTA), Portfolio+ is used by 6 of the 7 largest financial institutions in Canada and is a part of Volaris Group Inc.