#Canada #Montreal #OIM Group #Orbis Mortgage #Indi Mortgage

The OIM Group Launches: A Transformative Joint Venture in the Mortgage Industry

On January 21, 2025, the Orbis Mortgage Group announced a pivotal joint venture with Indi The Independent Mortgage Company, now collectively known as The Orbis Independent Mortgage Group (The OIM Group). This significant partnership signifies a major transformation within the Canadian mortgage landscape, merging two esteemed nationwide brokerages that are widely recognized for their innovative practices and a broker-first philosophy.

The merger allows The OIM Group to become one of the largest independent mortgage brokerage platforms across Canada, notable not just for its size but also for its unique operational structure which extends into the United States. This cross-border capability provides brokers with unprecedented access to an expansive mortgage market, enabling them to serve clients in both nations effectively.

The leadership team, which includes industry veterans such as Teddy Kyres, Gord Ross, Gord Appel, and Chris Churchill-Smith, will continue their valuable roles, fostering continuity and navigational support as they propel the company forward. Although the financial details of the venture remain undisclosed, the strategic alignment undoubtedly positions The OIM Group at the forefront of the industry, anticipating an origination volume exceeding $10 billion in 2026.

Enhanced Tools and Resources for Brokers

Acting in the best interest of its brokers, The OIM Group offers a wealth of exclusive tools and resources that enhance operational efficiency, growth potential, and long-term financial stability:

• - Swyft Mortgage: An in-house lending solution, providing proprietary mortgage products exclusive to brokers within The OIM Group.
• - Broker Pension Savings Plan: A crucial offering that lets brokers accumulate long-term savings while safeguarding their commission earnings.
• - Central Underwriting Hub: This national support system equips brokers with access to all lenders, facilitating increased funding capabilities and income generation.
• - Exclusive Coaching and Training: Leveraging the combined expertise of both Indi and Orbis, brokers benefit from tailored professional development programs.
• - Access to U.S. Mortgage Market: This enables brokers to expand their service offerings and cater to clients seeking mortgage solutions south of the border.
• - Independent Mortgage Network (IMN): A new model for brokers desiring to maintain their identity while enjoying the robust infrastructure provided by The OIM Group.

What This Means for the Future of Mortgage Brokering

With Indi Mortgage continuing its legacy of integrity and exceptional workplace culture across regions like British Columbia, Alberta, and Ontario, it provides brokers with necessary operational resources. This includes access to national residential lenders and a flexible technology approach designed to simplify operations. Additionally, the newly created Commercial Division within Indi allows agents to effectively manage complex financing scenarios, thus enhancing their service offerings.
Orbis Mortgage Group firmly establishes its footprint in Quebec and holds a competitive edge with its hybrid bank brokerage model, which focuses on the growth of individual brokers. Their commitment to providing personalized coaching, business development assistance, and an in-house underwriting department offers brokers essential tools for scalability.
The combination of Indi's and Orbis's strengths introduces a new standard for the independent brokerage model. Teddy Kyres, the CEO of The OIM Group, remarks, "Our integration paves the way for enhanced efficiency, in-house lending capabilities, and a strengthened focus on supporting brokers to fulfill their aspirations. This marks a pivotal shift in what mortgage professionals can come to expect from their brokerage partners."
Gordon Appel, President and COO of Indi Mortgage, adds, "The collaboration of two visionary organizations amplifies not just growth, but also trust and strength within the industry for clients and professionals alike."

Conclusion

The OIM Group, headquartered in Montreal, signifies a bold stride toward innovation and efficiency in the mortgage brokerage domain, poised to redefine the standards of what successful brokerages can be. With its expansive offerings and commitment to broker support, the joint venture between Orbis Mortgage Group and Indi Mortgage not only benefits the organizations involved but has far-reaching implications for the entire mortgage industry in Canada and beyond.