MortgageBrokers.com Holdings Inc., a mortgage brokerage and consolidation firm, reported that it saw revenue of $1.09 million for the second quarter, ended June 30, a 116% growth from the first quarter.

The following are some other highlights of the company’s latest financial results:

– a 2194% increase in second quarter revenuer from the same period a year earlier.
– a 341% increase in company’s assets from the first quarter.
– a 19% decrease in the company’s debt in second quarter from the first quarter of 2006.

“I am encouraged and excited at the solid progress the company has made over the last few quarters resulting in our strong organic revenue growth. Although we have demonstrated strong financial growth, what I believe to be more encouraging is our strong pipeline of sales and recruitment — ensuring that we
can continue this exponential growth,” said Alex Haditaghi, MortgageBrokers.com CEO

“We made great progress in the last year … Our key partnerships with companies such as RE/MAX O/A network and Maxwell Realty in Alberta should further establish MortgageBrokers.com as the provider of choice for Mortgage financing in the $3.8 trillion North American mortgage market,” he added.