MИК | Монголын Ипотекийн Корпораци

What We Do

Mission and Vision

To purchase mortgage loans pools
To issue residential mortgage backed securities on domestic and international markets backed by mortgage portfolios
To raise long and mid-term financial resources for mortgage finance by issuing mortgage backed securities
To cooperate with the government on the necessary legal and regulatory environment development for the mortgage market
To create accurate primary and secondary mortgage markets, we need to get international technical assistance and establish contracts in order to define supply and demand of the housing market, property valuation, insurance and mortgage insurance, and establish a mortgage subsidy system to make housing affordable for low income families
To define the ger area's housing needs, we need to cooperate with international organizations, local and foreign projects, NGOs, and other social organizations within the framework of creating financial system for mortgage market
To create a standard for mortgage documentation, and a regulation to approve mortgages and support the development of a primary mortgage market
To organize educational activities among the public to promote understanding about mortgage markets

To purchase mortgage loans pools
To issue residential mortgage backed securities on domestic and international markets backed by mortgage portfolios
To raise long and mid-term financial resources for mortgage finance by issuing mortgage backed securities
To cooperate with the government on the necessary legal and regulatory environment development for the mortgage market
To create accurate primary and secondary mortgage markets, we need to get international technical assistance and establish contracts in order to define supply and demand of the housing market, property valuation, insurance and mortgage insurance, and establish a mortgage subsidy system to make housing affordable for low income families
To define the ger area's housing needs, we need to cooperate with international organizations, local and foreign projects, NGOs, and other social organizations within the framework of creating financial system for mortgage market
To create a standard for mortgage documentation, and a regulation to approve mortgages and support the development of a primary mortgage market
To organize educational activities among the public to promote understanding about mortgage markets

Aim of operation

The main business of "Mongolian Mortgage Corporation" HFC LLC is to purchase portfolios of mortgage loans from financial institutions and to facilitate the securitization of a portfolio to provide liquidity and risk mitigation to such financial institutions. Furthermore, "MIK HFC" LLC contributes to the development of the bond market by launching diverse products.

"MIK HFC" LLC has, through its own financial resources, made 19 purchases of mortgage pools from 9 commercial banks that amount to nearly 1.9 trillion MNT, and performs asset management and risk management. Meanwhile, the company has implemented several projects and programs in cooperation with a number of international financial organizations, including the United States Agency for International Development (USAID), the International Finance Corporation (IFC), German Bank for Reconstruction and Development (KfW), and Wharton Business School in the USA.

The main business of Mongolian Mortgage Corporation HFC LLC is to purchase portfolios of mortgage loans from financial institutions and to facilitate the securitization of a portfolio to provide liquidity and risk mitigation to such financial institutions. Furthermore, MIK HFC LLC contributes to the development of the bond market by launching diverse products.

MIK HFC LLC has, through its own financial resources, made 19 purchases of mortgage pools from 9 commercial banks that amount to nearly 1.9 trillion MNT, and performs asset management and risk management. Meanwhile, the company has implemented several projects and programs in cooperation with a number of international financial organizations, including the United States Agency for International Development (USAID), the International Finance Corporation (IFC), German Bank for Reconstruction and Development (KfW), and Wharton Business School in the USA.

Corporate Structure

Management

Management team	Title
B. Gantulga	Chief Executive Officer
Z. Munkh-Orgil	First Deputy CEO
J. Onon	Director of Business Management Department
M. Bat-Ulzii	Director of Finance Management Department
A. Anar	Director of Operations Department
S. Amarsaikhan	Director of Risk Management Department
G. Sansar	Director of the Treasury Department
B. Bolortuya	Director of Legal Department
N. Enkhmaa	Director of Compliance Department

Management team	Title
B. Gantulga	Chief Executive Officer
Z. Munkh-Orgil	First Deputy CEO
J. Onon	Director of Business Management Department
M. Bat-Ulzii	Director of Finance Management Department
A. Anar	Director of Operations Department
S. Amarsaikhan	Director of Risk Management Department
G. Sansar	Director of the Treasury Department
B. Bolortuya	Director of Legal Department
N. Enkhmaa	Director of Compliance Department