45+ of the Biggest MIC’s/Licensed Private Lenders across Canada are waiting to compete for your mortgage!

LenderBidding vs. The Others About Us Mortgage Calculator Careers Blog

CANADA’S ONLY ONLINE AUCTION PLATFORM FOR MORTGAGES

Need a private mortgage?

LenderBidding places your file in front of 45+ of the biggest Licensed Private Lenders in Canada.

They Bid to Win Your Deal. Secure Ultra-low Rates. And Save 2-3x on Broker Fees*

Experience LenderBidding’s Innovative Silent Auction Advantage.

Connect Now

1-800-985-9043 or help@lenderbidding.com

Why use LenderBidding?

Lower fees

The avergage mortgage agent charges 2% - 3%, we only charge 0.99%

Lower rates

45+ Lenders compete for your business – now YOU ARE IN CONTROL

Let technology do the work

Our platform uses the latest AI and tech to create a stress-free experience

Created to help

LenderBidding was created to ensure you are taking steps forward, not backwards

How do we charge so much less?

Time is valuable, and we respect your time as much as ours

Our entire process is 100% online with a personal touch. Our goal is to get your mortgage processed quickly and seamlessly. Gone are the coffee shop meetings, countless phone calls and meetings at your home or a broker’s office.

Commission Free Mortgage Professionals

Our salaried mortgage professionals care about closing deals, not about how much they are making per deal. This changes the way they help clients. Their focus is to make sure YOU are getting the best deal, not that they are making the highest commission.

How LenderBidding Works

Fill out your basic information

This takes less than 2 minutes, at which point you’ll be assigned a LenderBidding team member

Schedule a video call

Our team will schedule a video call to go over the details of your deal and discuss options.

Your deal is then placed on the Lenderbidding platform

Our AI ensures your deal is only seen by lenders who's criteria matches yours. It’s also anonymous, so the lender doesn’t know who you are until their bid is chosen.

Lenders bid & compete for your business

This means they put their best terms forward because they WANT your deal. This is the opposite of how it usually works.

Review

Our team reviews the bids with you and together we choose the one that best fits your needs

Funded

Your lawyer will work directly with the lender to successfully close the transaction. Our team will be here to fully guide you through this process

We know private mortgages

Our founders were private lenders with decades of experience, exclusively funding private mortgages.

Our team of LenderBidding experts underwrite private deals all day.

It’s what we do, it’s what we know.

Over45+ of the largestMortgage Investment Corporations in Canada.

Over$12 BILLIONin available capital.

Our team will take you fromstart to finish,the entire way.

LenderBidding vs. The Others

LenderBidding

Lower Fees

0.99 %

Lower Rates

Lenders compete to provide best rates

Access

Immediate access to 45+ lenders

Fast turnaround

Receive up to 10+ offers within 4-6 hours

The Others

Higher Fees

1.5 % - 3 %

Higher Rates

Typically 2- 3% higher

Most agents typically rely on 2-3 private lenders

(that often incentivize them)

Time

Can take 2-3 days with limited offers

LenderBidding

Convenience

One single submission reaches all lenders

Reputable Lenders

Only licensed & vetted lenders

Transparency

Fully disclosed terms upfront

Expertise

Expert & experienced mortgage professionals

Regular Agent/Broker

Lengthy turnaround

Agent must submit individually to each lender

More Risk

Agent may use individual, questionable lenders

Misleading

Often agents doesn't disclose full terms, penalties, etc.

Inexperience

Many agents often lack knowledge when re: privates mortgages

LenderBidding

Access

Direct access to lender - no co-brokers

Accessibility

Entire transaction done online

Reliable Commucation & Guidance

We supervise the entire transaction from start to finish

Low Legal Fees

Reasonable legal fees from our lenders

Regular Agent/Broker

Co-brokering

Agents often rely on co-brokers, increasing fees

Access

Long in-person or phone meetings

Agents can be hard to reach

and don't follow up with lawyers, etc.

Expensive Legal Fees

Expensive Legal Fees that are often only disclosed at the last minute

Have questions? We’re here to help

Call 1-800-985-9043 or email help@lenderbidding.com to connect with a LenderBidding Team Member Now

Lender Bidding Corp. FSRA Lic #13500