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MA Acquires Argentum Mortgage and Finance Corp.

Jul 23, 2013|Source: Market Wired

Toronto, ON

Mortgage Architects is pleased to announce the recent acquisition of Argentum Mortgage and Finance Corp ("Argentum"). "The acquisition of Argentum is in line with our long term growth initiatives" says Ron Swift, CEO of the Pacific Mortgage Group Inc. Argentum Mortgage Brokers will re-brand under the Mortgage Architects label with the full transition expected to be complete by the first quarter of 2014. "We are focused on building a large distribution network to line up with our manufacturing capabilities on the lending side; the purchase of Argentum will be integral to our long term growth."

"The bringing together of Argentum and Mortgage Architects will position the organization as a formidable presence in our industry and create significant momentum."

Albert Collu, past President of IMBA, founded Argentum in 2009. Since that time, Albert, a proven executive, has led Argentum's steadfast growth to a network of over 500 brokers. Through the acquisition, Mr. Collu has been appointed as President of Mortgage Architects and will also be a valued Partner and shareholder. "Albert's vision is very much aligned with Mortgage Architects leadership" says Swift. "Albert possesses great business acumen and will be a strong advocate for the broker channel and for communicating Mortgage Architect's value proposition in the marketplace."

The acquisition of Argentum will help Mortgage Architects leverage their unique broker/lender structure. "The bringing together of Argentum and Mortgage Architects will position the organization as a formidable presence in our industry and create significant momentum." says Collu. "The unique and compelling model and structure at Mortgage Architects will support our brokers and give them a dynamic path for growth and opportunity in the industry."

Karen Fogel
Director of Marketing
Telephone: 416-366-4321
Email: karen.fogel@mtgarc.ca
www.mortgagearchitects.ca





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