Having extensive experience in the mortgage and financial industries, business executive Russell Kalmacoff brings to all his endeavors a comprehensive expertise in government-issued mortgages, along with a clear understanding of the government-related financial institutions that regulate them in North America. Early in his career, after receiving his Master of Business Administration from the University of California, Berkeley, Mr. Kalmacoff accepted a Senior Fellowship with the Canada Mortgage and Housing Corporation (CMHC), a Crown corporation that oversees the National Housing Act (NHA) and provides insurance for residential mortgage loans. During the course of his fellowship, Russell Kalmacoff studied the secondary mortgage market at Berkeley and New York University. He also developed considerable insight on the subject and, with business scholar James E. Hatch, coauthored a book entitled The Canadian Mortgage Market, which for decades thereafter became required reading for brokers seeking a license from the Investment Dealers Association (IDA) of Canada.

After taking over the Rockmount Financial Corporation in the 1970s, Russell Kalmacoff set up the company as an NHA-Approved Lender and started offering housing loans and condominium financing throughout Canada. To expand its holdings in mortgages, Mr. Kalmacoff oversaw Rockmount’s acquisition of Fidmor Mortgage Investors in 1985 and changed its name to Security Home Mortgage Corporation (SMHC). Mr. Kalmacoff incorporated SMHC as a federally supervised lender under the Trust and Loan Companies Act and made the company an Approved Issuer of CMHC Mortgage-Backed Securities (MBS) and a Mortgage Investment Corporation. Russell Kalmacoff also had SMHC stock listed on the Toronto Stock Exchange.

Currently, Russell Kalmacoff and Rockmount are in the process of launching the Rockmount Trust Company as an approved issuer of CMHC MBS, as well as a mortgage provider to third parties as a subsidiary of the former corporation. The Rockmount Trust Company must still undergo the process of licensure by the CMHC as required of companies incorporated under the Loan and Trust Corporations Act of Alberta as well as those originating mortgages backed by the National Housing Act. The Rockmount Financial Corporation and Mr. Kalmacoff are based in Calgary.