Our Team

David Mandel

President and Co-Founder


David and co-founder Lionel Larry founded First Source in 2006. David has over 25 years of real estate, mortgage brokerage, private lending and syndication experience. David is also a past President of IMBA, now CMBA Ontario, Ontario’s premier association of Mortgage Brokers and Agents in the province.  He remains committed to helping the industry and CMBA where he remains involved in Government Relations activities such as working on the Mortgage Brokers Advisory Committee to FSCO regarding changes in legislation for syndicated mortgages and the transition of oversight from FSCO to the OSC.

Prior to founding First Source, David founded First Equity Financial in 1998, a residential and commercial mortgage brokerage after working as an independent mortgage broker with a GTA brokerage since 1989. His many years of service, leadership and outspoken articles on the industry have served to provide recognition among his peers as a reliable, experienced funding partner. David holds a B.A. from York University (1981) and a B.Comm from the University of Windsor, Ontario (1984) and has been a licensed mortgage broker since 1989.

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