Exempt market issuer
Exempt market dealer and agent for AMIC
Licensed mortgage administrator and manager for AMIC
Licensed mortgage broker
ABOUT US
Advanced Alternative Lending
7016514 Canada Inc. is a licensed mortgage administrator. The company does business as Advanced Alternative Lending (or “AAL”).
AAL is incorporated under the federal laws of Canada and is licensed as a mortgage administrator under Ontario’s Mortgage Brokerages, Lenders and Administrators Act, 2006, S.O. 2006, c. 29. AAL’s mortgage administrator license number is #12171.
Confirm AAL’s licensing here. This link will take you to the web site of the Financial Services Commission of Ontario (or “FSCO”) where you can confirm AAL is licensed in good standing. FSCO is the former regulator for mortgage brokers and administrators in Ontario. In 2019, FSCO was replaced by the Financial Services Regulatory Authority (or FSRA”), “an independent regulatory agency created to improve consumer and pension plan beneficiary protections in Ontario.”
- As a mortgage administrator, AAL is permitted to manage mortgage investments on behalf of investors in accordance with the Mortgage Administrators Standards of Practice.
- FSRA regulates the work of mortgage administrators like AAL including but not limited to the collection of borrower payments and the remittance of same to investors.
- AAL is the Manager for Advanced Mortgage Investment Corporation (or “AMIC”).
- AMIC is a “related issuer” and a “connected issuer” of AAL within the meaning of applicable securities legislation. See “Relationship Between the Corporation, the Manager and the Agent” in the AMIC Offering Memorandum for more information.
ABOUT US
Who We Are
In early 2005 after roughly 20 years apiece, Michael Hapke and Frank Napolitano left their careers in retail banking to join the ever growing mortgage brokerage industry. After examining the competition, they quickly realized that although there were some good brokerage teams in Eastern Ontario, none were outstanding. The duo envisioned a company that would provide exemplary customer service and the best possible mortgage rates available. Both entrepreneurs at heart, they viewed the number one spot as vacant and available and started on a journey to fill it.
In just a few short years, Hapke and Napolitano became one of Ottawa and Eastern Ontario’s largest and most successful teams. There remained only one other competitor that produced as much volume as they did so Hapke and Napolitano set out to optimize the potential they saw.
Formed in 2012
Our Growth
With roughly a billion dollars in annual mortgage volume, an increased need for private mortgage financing emerged.
