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Mortgage360
Buyer's guide · 2026

Best MIC software in 2026

Canadian MICs need cap-table, distribution, NAV, and tax reporting in one platform — alongside underwriting, servicing, and an investor portal that LPs actually want to open.

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Last reviewed June 2026. Send fact-check feedback to [email protected].

What matters

What to actually look for

The category is crowded. These are the questions we'd ask before making a decision — independent of whether you pick Mortgage360.

Cap table + share classes

Per-class unit pricing, units outstanding, pro-rata ownership, and historical NAV tracking. Audit-grade, with a clean export.

Distribution engine

Pro-rata distribution by share class, withholding by residency, T5 / NR4 generation, DRIP rollover, EFT delivery.

Investor portal

Live holdings, IRR/TVPI/DPI, distribution history, statements, tax docs ready Jan 1, watermarked data room.

Subscription wizard

Multi-step e-subscription with KYC + accreditation gates, OM acknowledgment, residency declaration, and exemption documentation.

Regulator-ready reporting

FSRA AIR-ready exports. FINTRAC LCTR / STR. Annual audit packages. Per-investor evidence trails.

Modern UX

LPs evaluate funds by the quality of the portal experience. Dated UIs lose institutional capital to modern competitors.

The shortlist

Platforms worth considering

  1. 1.

    Mortgage360

    AI-native MIC platform — cap-table, distributions, NAV, T5 generation, watermarked data room, investor portal. With AI-assisted underwriting and origination on the same chassis.

    Best for: MICs that want underwriting + servicing + investor relations under one roof

  2. 2.

    Dolphin

    See comparison

    Long-running Canadian MIC platform with the largest established customer base. Modern AI-native workflows and engaging investor portal are not the core focus.

    Best for: Established MICs that prioritize familiar workflow

  3. 3.

    Mortgage Automator

    See comparison

    Canadian private-lending platform with MIC capabilities. CRM and AI are typically not native; investor portal is more functional than engagement-focused.

    Best for: Canadian private lenders running a MIC alongside other operations

Side-by-side

Category-wide capability matrix

Capability
Mortgage360
AI-native
Dolphin
Canada · MIC
Mortgage Automator
Canada · lending
Cap table by share class
Pro-rata distributions + DRIP
T5 / T5008 / NR4 generation
8-step e-subscription wizard
~
~
Accreditation tracking + renewal
~
~
IRR / TVPI / DPI metrics
~
Watermarked data room
Per-investor activity log
~
~
Modern UX (mobile + dark mode)
~
~
AI underwriting
Compliance AI (AML / PEP)
~
~
Client AI in 50+ languages
Honest read from publicly available information. Vendor corrections welcome at [email protected].
Rows: 12

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