Underwriting Guidelines
Our Mission
We create short term private mortgage solutions for Canadian homeowners who are temporarily unable to access the equity in their properties through traditional sources.
We approve loan applications wherein the collateral is valuable and marketable enough to protect both parties and the exit strategy is viable enough to make a positive and significant impact to the borrower’s financial circumstances in a reasonable period of time.
RATEScore
The RATEScore system grades each application across 15 risk categories and produces a score between 1-1500. Anything above 900 gets approved.
Approval & Fulfillment
There are 3 easy steps in the fulfillment process and we’ve made them all as simple and efficient as possible.
What mortgage brokers are saying about Switch
The RATEScore system is is exactly what the private mortgage marketplace needed. Standardized pricing means I always know what to expect and that makes it easier to work with borrowers.
I really love how the Switch underwriting team works with me to make conditions simple to fulfill and I can’t say enough about the savings on legal fees and appraisals. Nobody else brings this much value to private mortgage lending. Bravo Switch!
Make the Switch!
We make private mortgages easier to get. See for yourself why so many brokers are making the Switch.
