RiverRock Mortgage Investment Corp.

RiverRock Mortgage Investment Company (MIC) is a leading and trusted non-bank lender in Ontario.

[RiverRock Mortgage Investment Corp. @RiverrockC]

The gloves are still off and no punches are pulled as Ron Butler and Nick Kyprianou get into some of the big topics around change. Change thanks to the #pandemic, changes in big #banking, and change in general.
View podcast at: https://t.co/yfAiSWNOQB

[RiverRock Mortgage Investment Corp. @RiverrockC]

We wouldn’t be able to champion the ideas of speed and flexibility without also striving to enhance the #broker experience, which is why you can submit deals to RiverRock through three major platforms: @thisisfilogix, @Lendesk and @NewtonC_S (Velocit)

[RiverRock Mortgage Investment Corp. @RiverrockC]

Ron Butler of Butler Mortgage and our CEO Nick Kyprianou take the gloves off and pull no punches in our first #podcast episode. They talk #mortgages, pet peeves, social media, and more. Watch or listen @ https://t.co/GUSK7p5gsj

[RiverRock Mortgage Investment Corp. @RiverrockC]

Announcing the RiverRock Winter $5,000 Volume Bonus Offer. You’re eligible to receive this bonus if you’re a licensed broker or agent and fund ten 2nd mortgage deals between Nov 1st, 2020 and Jan 31st, 2021. Signup today for our newsletter to learn more. https://t.co/xzFWyUMb3k

[RiverRock Mortgage Investment Corp. @RiverrockC]

Introducing four new RiverRock team members. Giovanna Tamburello, Mario Vivacqua, and Susan Morriss have joined the underwriting team. Joseph Pesce is our new BDM focused on serving Southwest Ontario and around to Niagara. Please checkout our website for their contact details.

[RiverRock Mortgage Investment Corp. @RiverrockC]

New home buyers given 2 month’s notice on property closure (new construction). Bank rejected their financing application because one spouse was temporarily laid off. $50K deposit on the line. We got them 80% appraisal value w/ 12 months deferred payments.

[RiverRock Mortgage Investment Corp. @RiverrockC]

Borrowers paid for a home reno w/ a credit card. Plan was to get a loan to pay it off. Bank rejected them thanks to one being out of work due to COVID. We were able to give them a second #mortgage at a rate that was lower than the credit cards, and fast!

[RiverRock Mortgage Investment Corp. @RiverrockC]

A #borrower had great home equity & never missed a #mortgage payment. Then came a heart attack, & no work for a year. They fell behind on some credit cards, kept up w/ the mortgage—big bank still declined a request for refinancing. We, however, were able to get them a 2nd!

[RiverRock Mortgage Investment Corp. @RiverrockC]

#borrower got hurt on the job: no work for 3 months. Not enough $ to cover #mortgage payments OR qualify for 2nd mortgage. Solution: our 6-month term 2nd mortgage. Gave them cash flow to cover downtime, will return to regular arrangement after 6 months.

[RiverRock Mortgage Investment Corp. @RiverrockC]

Attn: rate shoppers! With our ongoing commitment to flexibility, we’re trying an experiment. For a limited time only, we will mix and match your rates and fees. Bring us your best quote and we will give you our best offer!

[RiverRock Mortgage Investment Corp. @RiverrockC]

Last minute deals? We’ve got you covered. When it comes to last minute deals, make sure you have RiverRock’s 24 hour turnaround time in your closing toolbox. We are always happy to have a chat about urgent deals to help get your borrowers out of tricky situations.

[RiverRock Mortgage Investment Corp. @RiverrockC]

We recently circulated a survey to our mailing list, and the response was overwhelming. Your clients need more flexibility. Effective immediately, RiverRock will offer six-month terms on 1st and 2nd mortgages

[RiverRock Mortgage Investment Corp. @RiverrockC]

ad Things Happen to Good People

Life is full of curveballs, and sometimes people end up in a tough situation. Whether it is a major or minor setback, these borrowers no longer fit into the traditional lenders model. We can help. Fast, Flexible and Fair. The RiverRock Advantage

[RiverRock Mortgage Investment Corp. @RiverrockC]

We’re happy to announce that we are now able to receive Filogix applications from brokers. This eliminates a step in the process whereby they had to email a PDF - now brokers can submit mortgage applications electronically.

[RiverRock Mortgage Investment Corp. @RiverrockC]

Join Nick Kyprianou and Ninepoint Partners this Thursday April 30th for a live webinar to learn why all MICs are not created equal. See below for registration details.

https://t.co/OcGwXyEWw2

[RiverRock Mortgage Investment Corp. @RiverrockC]

FREE Webinar Wednesday April 29th @ 1PM
Join us this Wednesday at 1PM (April 29), James and Alissa will be joined by our President and CEO Nick Kyprianou to discuss lending criteria during these challenging times. To register, go to: https://t.co/aNfNsUCqdQ

[RiverRock Mortgage Investment Corp. @RiverrockC]

2nd mortgages up to 80% LTV. As spring begins to bloom, people in Ontario start to think more about second mortgages. Don’t forget, RiverRock can fund $25,000 to $750,000 within 24 hours, at rates as low as 9.99% for 2nd mortgages, up to 80% LTV.

[RiverRock Mortgage Investment Corp. @RiverrockC]

We’ve spoken a lot about our 2nd mortgage product lately - so this week we’re spotlighting 1st mortgages. As always, we operate fast and can close within 24 hours. We do not bundle our 80% product into a 1st and 2nd mortgage.

[RiverRock Mortgage Investment Corp. @RiverrockC]

Save the Date: Broker Lunch & Learn April 7 in Richmond Hill. Join us + other industry professionals to discuss the industry and the tools available from alternative lenders. To register, go to: https://t.co/1oAkV8f9RI

[RiverRock Mortgage Investment Corp. @RiverrockC]

RiverRock has a few flexible tools for helping close condo deals. 1) We will go as high as 80% LTV on high rise condos. 2) We will also consider lending off the appraised value as opposed to the purchase price on new construction purchases.