The Elite Mortgage Team, of Ottawa, has joined MortgageBrokers.com Financial Group of Companies Inc.

Michael Hapke and Frank Napolitano, co-founders of the Elite Mortgage Team and veterans of the mortgage financing and banking industries, will be integrating their two storefront locations into the expanding national retail network of MortgageBrokers.com.

Elite Mortgage Team consists of 20 mortgage consultants serving the Ottawa and Eastern Ontario regions.

“We expect our new regional partner will become the dominant mortgage originators in Eastern Ontario, bringing a projected mortgage origination volume of $500 million and revenues in excess of $5.1 million to MortgageBrokers.com in 2006,” said Alex Haditaghi, chairman and CEO of MortgageBrokers.com, in a release.