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First National Financial
First National Financial

-7.81%

Financial services / Mortgage and Financial Services

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Company at a Glance

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Overview
First National Financial is a Canadian company that provides a variety of financial services, including residential and commercial mortgages, real estate services, and investment management. It was founded in 1988 and is based in Toronto, Ontario.
The company operates through two main divisions: First National Mortgage Investment Fund, which manages a portfolio of mortgages, and First National Financial LP, which originates and services mortgages through a network of mortgage brokers and advisors. First National also has a wholly-owned subsidiary, First National Financial GP Inc., which provides advisory services to the company.
First National is one of Canada's largest non-bank mortgage lenders, with over $100 billion in mortgages under administration. It has a strong presence in the mortgage market, with a focus on technology and innovation to improve the mortgage process for both borrowers and brokers.
In addition to its mortgage services, First National also offers a range of real estate services, including property appraisal, title insurance, and real estate broker services. It also has a wealth management division that offers investment management and financial planning services.
Overall, First National Financial is known for its strong track record in the Canadian mortgage industry and its commitment to providing innovative and reliable financial services to its clients.
What is special about the company?
1. Established in 1988: First National Financial has been in business for over 30 years, making it one of the oldest mortgage lenders in Canada. This longevity indicates a stable and reputable company with extensive experience in the industry.
2. Largest Non-Bank Mortgage Lender: First National Financial is the largest non-bank mortgage lender in Canada, providing a viable alternative to traditional banks for mortgage financing. This status also allows them to offer innovative and competitive mortgage products.
3. Full-Service Lender: Unlike some smaller lenders, First National Financial offers a full range of services, including residential and commercial mortgages, construction financing, and mortgage servicing. This makes them a one-stop-shop for all mortgage needs.
4. Award-Winning Company: First National Financial has received numerous accolades over the years, including being named one of Canada's most admired corporate cultures and one of Canada's best-managed companies.
5. Strong Financial Stability: First National Financial has consistently outperformed the Canadian mortgage industry in terms of financial stability and profitability. This can provide peace of mind for customers knowing they are working with a reliable and financially secure company.
6. Innovative Technology: First National Financial is committed to using technology to improve the mortgage process for customers. They have developed innovative tools and platforms, such as the My Mortgage app, to make the mortgage application and management process more convenient and efficient.
7. Socially Responsible: The company is committed to social responsibility and has implemented various initiatives, including the First National Charitable Foundation, to give back to the community.
8. Exceptional Customer Service: First National Financial has a strong reputation for providing excellent customer service, with a dedicated team of mortgage specialists who offer personalized and responsive support throughout the mortgage process.
What the company's business model?
First National Financial is a Canadian-based financial services company that primarily specializes in residential and commercial mortgage lending. Their business model is centered around providing mortgage solutions to customers through partnerships with mortgage brokers and financial institutions.
The company offers a range of services, including origination, underwriting, and servicing of mortgage loans. They also offer mortgage securitization, which involves pooling mortgages and selling them as securities to investors.
In addition to mortgage lending, First National Financial also offers services such as mortgage insurance, loan servicing, and real estate appraisal and advisory.
The company operates through a network of over 8,000 mortgage brokers and 185 financial institutions across Canada. This network allows them to reach a wide range of customers and offer competitive mortgage rates.
Overall, the company's business model is focused on providing innovative mortgage solutions to customers and maintaining strong partnerships with brokers and financial institutions.
Interesting facts about the company
1. First National Financial is Canada’s largest non-bank mortgage lender.
2. The company was founded in 1988 by Stephen Smith, Moray Tawse, and William J. Aziz.
3. Its head office is located in Toronto, Ontario and it has offices in major cities across Canada.
4. First National Financial provides residential and commercial mortgages, as well as financial services such as loans and lines of credit.
5. In 2007, First National Financial became the first mortgage lender in Canada to be approved as a chartered bank by the Office of the Superintendent of Financial Institutions.
6. The company has been named one of Canada’s 50 Best Employers by Report on Business Magazine for nine consecutive years.
7. First National Financial is also a leader in sustainable building practices and has been recognized for its energy-efficient and environmentally-friendly business practices.
8. In 2018, the company reached $100 billion in mortgages under administration.
9. First National Financial has been consistently recognized for its customer service and is a seven-time winner of the Canadian Mortgage Awards Best Customer Service from an Institution award.
10. The company is also committed to giving back to the community and has a strong corporate social responsibility program that supports various charities and organizations across Canada.
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