Mortgage360 brings circular economy to mortgage industry
Canada's first B-Corp certified mortgage brokerage cares
Mortgage360 was founded on a mission to change the mortgage broker industry for good.
As Canada’s first B Corp-certified brokerage, Mortgage360 measures the impact of its governance, social, and environmental impact. An average business would score about 50 points, and to become B-Corp certified it must score 80 points or more.
“We want to inspire people to thrive financially while giving back more than they ever thought possible,” explains founder and CEO Nolan Matthias. Nolan founded Mortgage360 in 2010, having felt “burnt out and lost” in the broker industry. His response to which was to create a mortgage plan with a deeply-embedded social mandate: The Mortgage that Matters.
With The Mortgage that Matters, Mortgage360 donates $500 to a charity or non-profit of the homeowner’s choosing, taken out of the broker fees, followed by annual donations of $50 for as long as the mortgage remains.
“We give back because it’s who we are,” Nolan says. “The way I measure myself is not about income, it’s about how much of an impact I’m able to make on the community.”
In 2018 alone, Mortgage360 contributed more than $19,000 to charities and non-profits, both on behalf of clients and through donating 20% of its bottom line – as it’s done every year -- to local organizations such as Mealshare, Branch Out Neurological Foundation, and the Alberta Animal Rescue Society (AARCS).
Interestingly, when it comes to demographics of giving, Nolan notes that while the Millennial generation is the most engaged with charitable organizations through advocacy, Baby Boomers are the most frequent donors. “We can [help] Millennials [to contribute] financially [to causes they care about] just by helping them choose a mortgage company with purpose and donating money on their behalf from our own budget. Allowing them to give back in a way that they wouldn’t have been able to,” he says.
“We want to change the world.”