Case Study: The Harbour Group manages a $1.3B mortgage portfolio and eliminates spreadsheets with MRI Software Investment Modeling

Harbour Group manages mortgage portfolio with Investment Modeling

The Harbour Group is a private lender providing bridge and development financing across Canada through its subsidiaries Harbour Mortgage and Harbour Equity. Harbour Mortgage needed a flexible, robust servicing system to handle highly customized and varied loan structures that were becoming too complex for traditional mortgage solutions and spreadsheet-based management.

Harbour Mortgage implemented MRI’s Investment Modeling to service its commercial mortgage business, integrating with its existing database via a customized import template and using an exception-based workflow so data is entered once and only changes are recorded. Today the firm originates, services and manages $1.3 billion in mortgages on the MRI platform, reducing manual entry and errors, improving payment collection and reporting, and enabling real-time portfolio risk monitoring.

The Harbour Group

Alina Iordache

Director – Finance & Investments