Size and presence
We are one of Canada’s largest non-bank originators and underwriters of residential and commercial mortgages. Our scale, technology and valued partnerships with independent mortgage professionals across the country create operating leverage, while our mortgage servicing and securitization portfolios generate ongoing income and cashflow complemented by our underwriting and fulfillment services for third party institutions.
Because we are a pure mortgage lender, we employ subject-matter experts, and purpose-built technology. Through our MERLIN® underwriting system, we were early enablers of anywhere/anytime mortgage broker access to information.
First National is a Canadian Dividend Aristocrat, a designation given to members of the S&P Canada Broad Market Index that have increased their dividend for five consecutive years and have market capitalizations of at least $300 million.
We invest in the most creditworthy mortgages, approximately 60-70% of which are insured. Approximately 97% of our MUA is funded through sources that result in no residual credit risk to us.
Proven, flexible funding
From institutional placements to a variety of securitization programs, our non-bank funding model delivers reliable, flexible and cost-effective mortgage financing at all times.
On average, each member of our leadership team has 20+ years of relevant experience and our co-founders own ~70% of First National shares outstanding. But it is the talented people of First National who make the difference for all stakeholders.