8Twelve Exceeds $100 Million in Funded Private Mortgages, The Canadian Business Journal

TORONTO, Dec. 1, 2022 (GLOBE NEWSWIRE) — 8Twelve Financial Technologies Inc. (“8Twelve” or “Company”) Announces Private Mortgage Lending Division Achieves $100 Million Milestone in Private Mortgages Funded Proud to have done it! Considering the company recently celebrated its 4th anniversary, this is an important achievement.

8Twelve’s private lending focuses on solving short-term funding problems with a clear exit strategy, giving borrowers more options to refinance their private mortgages at or before maturity. This focus on an ‘exit strategy’ has resulted in success for all parties involved.

“After financing over $100 million in private mortgages, we are proud that we no longer have to put a sell sign on a borrower’s front lawn due to a mortgage default,” said CEO Gary Hooks. said. “Zero. We have zero selling power.

8Twelve is a one-stop financing solution for all your mortgage needs by identifying the best possible mortgages from Canada’s largest marketplace of banking, alternative and private mortgage products. Through INFIN8, 8Twelve’s proprietary high-volume origination engine, we are able to ensure borrower suitability in the private mortgages we fund. The competitive advantage of this platform is that it provides the visibility needed to successfully close these private mortgages at maturity.

Two driving forces have shaped 8T’s culture and products: 1) solving short-term problems and 2) ensuring a proper exit strategy.

“Our goal is to quickly resolve borrowers’ short-term financing needs and quickly transition to more suitable traditional long-term financing solutions. We do not see it as a viable long-term financing solution,” said Steve Totani, Director of Business Development. “We are thrilled to see our clients transition from private mortgages to traditional mortgages. It reinforces our values ​​and meets their short-term financing needs. As we often say, every mortgage has a story.What’s your story?”

about 812 financial technology

8Twelve is transforming the mortgage experience by giving consumers one convenient platform to solve all their mortgage needs. Gone are the days of having to search for a mortgage through multiple providers, including banks, mortgage brokers, and private lenders. Borrowers now have access to Canada’s largest mortgage choice in one convenient marketplace. INFIN8, 8Twelve’s proprietary cloud platform, uses real-time analytics, AI, and workflow automation to identify the best lending solutions in the Canadian market (from over 65 lenders and over 7,000 mortgage products).

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