We are service driven.
Who We Are
Equity Lenders Mortgage Administration Inc. (“ELMA”) is a dedicated team of finance professionals and is a licenced mortgage administrator under Ontario’s Mortgage Brokerages, Lenders, and Administrators Act, 2006. (FSCO Administrator Licence Number: #12855)
$40M+
under administration
400+
files under administration
EASY, FAST, CONVENIENT
Key Administration Features
TITLE
Lenders Are On Title of the Property
Term
Mortgage Term is 1 Year or Less
Property
We typically administrate properties in GTA and surrounding areas.
LTV
The loan-to-value (LTV) ratio is a financial term used by lenders to express the ratio of a loan to the value of an asset purchased. As administrator, we recommend LTV UNDER 75% in the current market.
FORMS
No Extra Work is Needed - all the forms can be signed electronically.
FUNDS
As an administrator, we recommend lenders to send funds to lawyers directly.