Northern Trust Bank
Prime- Geography
- Ontario
- Products
- 1st · Refi
- Max LTV
- 80%
- Loan size
- $250K – $5M
For brokers · FSRA licensed
Close more deals with less work
Openfund connects you to a vetted network of lenders — prime, alternative, and private capital — with one submission, automated compliance, and competitive offers in hours.
Free for brokersNo subscription · No charge for deals that don't fund
The network
Meet your founding lender network
Openfund's founding network represents carefully selected Canadian lenders across the full mortgage spectrum — from major banks to alternative lenders to private capital. National coverage planned for 2027.
24+
Active lenders
Prime, alternative, and private — all FSRA-licensed.
$340M+
Lending capacity
Active private mortgage capital across the network.
Ontario
Geographic coverage
Expanding nationally in 2027.
< 4 hrs
Avg. time to first offer
From submission to first structured offer.
Heartland Mortgage Co.
Alternative- Geography
- Ontario
- Products
- 1st · 2nd · Refi
- Max LTV
- 75%
- Loan size
- $150K – $2.5M
Westbridge Capital
Alternative- Geography
- Ontario, GTA
- Products
- 1st · Construction
- Max LTV
- 75%
- Loan size
- $500K – $10M
Vantage Capital Partners
Private capital- Geography
- Ontario
- Products
- 1st · 2nd
- Max LTV
- 75%
- Loan size
- $100K – $1.5M
Pacific Lending Group
Private capital- Geography
- Ontario
- Products
- 2nd · 3rd · Construction
- Max LTV
- 85%
- Loan size
- $50K – $750K
Maple Ridge MIC
Private capital- Geography
- Ontario, Niagara
- Products
- 1st · 2nd
- Max LTV
- 80%
- Loan size
- $75K – $1M
Bring your existing lender contacts onto the platform
Brokers can invite their preferred lenders directly to Openfund — your relationships, on better infrastructure. The network is additive: keep what works, add what's missing.
How It Works for Brokers
Find the right lender in 3 steps
One submission, one workflow, one document trail. Everything else fits around the way you already work.
Step 01
Submit once, reach every lender
One structured submission. Every eligible lender in your network responds with a real offer — no phone calls, no email threads, no chasing.
- Standardized package — same shape for every lender
- Live match scores against current criteria, before submission
- Status updates as each offer lands
Step 02
Present offers with proof
The Openfund Report compiles suitability rationale, competitive comparison, and exit strategy automatically — ready to share with your client and your principal broker.
- Suitability rationale generated at acceptance
- Side-by-side comparison of every offer received
- FSRA-aligned audit trail attached to the file
Step 03
Close with your legal team
Borrower, lender, and counsel meet in one deal room. Documents, signatures, and funding instructions stay attached to the file all the way through close.
- Shared workspace — broker, borrower, lender, counsel
- Funding instructions and conditions in one place
- Closing audit trail preserved post-funding
Compliance, automated
The Openfund Report — your audit trail, ready in minutes
Every funded deal generates a complete Openfund Report — designed around FSRA's suitability and disclosure framework. Submit it as your principal broker review documentation.
- Suitability documented at the moment of recommendation
- Exit strategy laid out with timing and supporting math
- Competitive comparison shown side-by-side, defensible in review
Generate your first reportFree for brokers · No subscription
Inside the Openfund ReportSix sections · Every deal · Generated automatically
Deal summary
Deal summary$485,0002nd · Toronto · 68% LTV
Risk gradeA−
Property
- Value$715,000
- TypeDetached
Borrower
- Income verified
- Credit verified
- Employment confirmed
- Identity (KYC) cleared
Lender match
- Vantage CapitalBest
- Northern TrustMatch
- Pacific LendingMatch
Cashflow
$3,840/mo
Why brokers switch
The math is straightforward
Less time chasing offers and reformatting deals. More time on origination, client relationships, and closings.
LiveLast 7 days · across the broker network
4.2days
Speed to first offer
Time from submission to first structured offer
5.4offers
Average offers per deal
Structured offers received per submission
0hours
Compliance time spent
Auto-generated Openfund Report at acceptance
Performance metrics from Round 1 calibration testing will be published here as deals complete.
Common questions
Broker FAQs
The questions we hear most from brokers evaluating Openfund.
Don't see your question?
Talk to our team- Yes. Openfund is free for brokers and free for borrowers. Our revenue comes from a small success fee paid by the lender on each funded mortgage, calculated as a percentage of the loan and capped at a fixed maximum. No subscription, no minimum volume, no charge for deals that don't fund.
- Yes. The Openfund Report is purpose-built around FSRA's suitability and disclosure framework — documenting the rationale for the recommended product, the competitive comparison considered, the borrower's exit strategy, and the KYC and audit trail. Brokerages can submit Openfund Reports as their principal broker review documentation, and the format is designed to map directly to what regulators expect to see in a compliance review.
- They come with you. Brokers can invite their preferred lenders directly to the Openfund platform — your existing relationships continue to operate, just on better infrastructure. The Openfund network is additive: you keep your lender relationships and gain access to a vetted network of additional lenders whose criteria your deals can match.
- No. Openfund operates as a deal origination and fulfillment platform — it lives between your CRM and the lender. Your client intake, follow-up, and pipeline management stay where they are. What changes is the moment between “deal is ready” and “deal is funded” — that's where Openfund replaces the manual outreach, offer comparison, and compliance documentation work.
- Openfund is currently optimized for residential mortgage deals in Ontario across the full lender spectrum — A, B, and private. The platform handles 1st mortgages, 2nd mortgages, refinances, and construction lending. Commercial and rural property deals are supported in select cases. If you're unsure whether a specific deal fits, our team can review it during your demo.
- Most brokers complete onboarding and submit their first deal within 30 minutes. Onboarding includes a brief verification of your FSRA license and a walkthrough of the platform with one of our team members. There's no required training program, no certification, and no team minimum — individual brokers and full brokerages can both onboard.
- Yes. All client data is stored in Canada (ca-central-1), encrypted at rest with AES-256 and in transit with TLS 1.2+, and access-controlled with role-based permissions. Openfund is PIPEDA-aligned, FINTRAC-aware, and built around FSRA's regulatory requirements. SOC 2 certification is in progress. Detailed security documentation is available in our Trust Center.
Ready to close more deals with Openfund?
Join the founding broker network and access the lenders, automation, and compliance tools built for Canada's intelligent mortgage marketplace.
Free for brokers · No subscription · Onboard in 30 minutes