Rockmount Trust Company
Rockmount Trust Company (RTC) is an existing trust company incorporated under the Loan and Trust Companies Act (Alberta). It plans to register in all the provinces and territories, and to obtain National Housing Act approved lender designation, and Canada Mortgage and Housing Corporation (CMHC) and Mortgage Backed Securities approved insurer status.
RTC will occupy three niches in the financial intermediary marketplace which are underserved by the major banks:
1) originate, syndicate and service mortgages for third party lenders,
2) issue MBS using agents throughout Canada, and
3) act as a mortgage banker, structuring project financing for large developments.
RTC would operate in a stage manner whereby it would build initial single family mortgage volume and seek smaller commercial projects, before moving towards issuing MBS and pursuing larger projects. Once RTC's core business is established, it will then consider other activities which have a strategic advantage if carried out by a trust vehicle.