Marathon Mortgage Mortgage Lender Profile
Generally for Prime borrowers buying, renewing, refinancing or switching lenders, who are comfortable arranging the mortgage through a broker.
Who they are
Marathon Mortgage Corp. Is a privately owned Canadian non-bank mortgage lender, founded in 2011 and headquartered at 200 Front Street West in Toronto. It is licensed in Ontario under FSRA licence number 12188 and is registered as a mortgage brokerage in other provinces as well. New leadership arrived in mid-2020 under president and chief executive Albert Collu, and the company has grown the assets it administers since then. Co-founder Harold Kennedy, who previously built First Marathon Mortgage Corporation, serves as chairperson. Marathon lends coast to coast, and its business comes through mortgage brokers.
What they lend on, and who for
Marathon specialises in prime residential mortgage lending. It lends on purchases by first-time and repeat buyers, on owner-occupied and investment properties, and on renewals, refinances and switches from another lender. Alongside its own lending it acts as a mortgage servicer and administrator for third-party mortgage investors. Because it is a monoline lender that originates only through brokers, it has no branch network and no retail sales force. It markets itself on broker support and competitive rates. If you want a Marathon mortgage, the first step is finding a licensed broker who deals with the company.
How to approach Marathon Mortgage
You can contact Marathon Mortgage yourself; nothing stops you. What you cannot easily find out is what they will actually accept. How they read self-employed income, which add-backs they allow, how they treat rental income, and what they will accept in place of the documents you cannot produce — none of that is published in full anywhere, and it moves.
A licensed broker who places files with lenders like this every week knows those criteria, and more usefully knows how to structure a file so it lands inside them rather than just outside. On anything that is not a straightforward salaried purchase, that structuring is most of the difference between an approval and a decline. It costs you nothing on a prime mortgage — the lender pays the broker when it funds.
| Lender type | Monoline |
| Registered as | MMC Marathon Mortgage Corp. |
| Head office | 200 Front Street West, Suite 2503, Toronto, ON M5V 3K2 |
| Website | marathonmortgage.ca |
| Phone | 1-855-503-6060 |
Get notified 90 days before your renewal
Your lender contacts you at 30 days, when you have no time to shop. We reach you at 90 — early enough to lock a hold and personalize your offers.
Borrower ratings for Marathon Mortgage
In today’s world, reviews dictate the service industry. Brokers have taken the hit for bad lenders. We bring the consumer experience to light to help borrowers decide.
How quickly did they issue a commitment and get to funding?
Was the rate you got competitive for the product you qualified for?
Could you reach someone, and did they resolve things?
Portal, e-signing, document upload, online account — did it work?
Were the terms, fees and penalties clear before you signed?
Worked with Marathon Mortgage?
Score them on the five things above. We confirm every review by email before it publishes, and we publish the bad ones too.
Questions about Marathon Mortgage
Is Marathon Mortgage a real mortgage lender?
Yes. Marathon Mortgage is a monoline based in Ontario. Its own site is marathonmortgage.ca.
What kind of lender is Marathon Mortgage?
Monoline. Mortgages and nothing else, sold through brokers. Best pricing in the market and usually the fairest penalty formulas. Most Canadians have never heard of them, which is exactly what this directory is for.
Should I go to Marathon Mortgage directly or through a broker?
You can approach them yourself. The reason most people do not is that a lender's real criteria — how income is read, what is accepted as documentation, what will be allowed as an exception — are not published, and they change. A broker who works with Marathon Mortgage regularly knows them and knows how to present a file to fit them, which on anything other than a simple salaried purchase is usually what decides the answer. On a prime mortgage it costs you nothing either way, because the lender pays the broker when it funds.
Would Marathon Mortgage approve me?
No profile page can answer that, and any site that tries is guessing. It turns on how your income is earned and how much of it a lender will count, your credit history, the property itself, and how much you need against what it is worth. Those are the questions a licensed broker asks before naming a lender — and they will tell you which ones realistically fit, this one included, and which would price it better.
Where does Marathon Mortgage lend?
Its head office is in Ontario. Lending areas change and are not always the same as where the lender is based — confirm current coverage with the lender or a broker before planning around it.
Would Marathon Mortgage take your file?
Send us the details and a licensed broker will tell you which lenders fit — this one included, and the ones that would price it better.
Send us the file