Mortgage Broker Course

The Canadian Mortgage Brokers Association (CMBA)’s Mortgage Broker course is for those who are looking to get their Broker licence. This course is required to be completed by active agents who intend to obtain their broker licence to be able to arrange mortgages for all mortgage lenders, including private individuals (i.e. private lenders), supervise mortgage agents, and can be appointed as the principal broker for a brokerage.

This course is accredited by the Financial Services Regulatory Authority of Ontario (FSRA), and adheres to the Mortgage Broker Regulators Council of Canada (MBRCC) accreditation standards.

Delivered in two parts, with an online/self-study component, followed by an in-class or online/virtual facilitated instruction. The in-person classroom learning is delivered at CMBA Ontario’s head office in Woodbridge, Ontario over two consecutive weekends.

Admission Requirements

• Minimum 24 months experience over the last 36 months as a mortgage agent (or as a mortgage agent level 2 after April 1, 2023).

What You’ll Learn

• Demonstrate knowledge on the context of a modern brokerage business and its practices.
• Plan and establish a mortgage brokerage’s strategy and business practices.
• Hire staff, agents and brokers in adherence to employment laws and professional standards.
• Supervise, evaluate and contribute to the professional development of the brokerage’s staff, agents, and brokers.
• Effectively manage the brokerage’s resources, including financial, human resources, and administrative.
• Manage the brokerage in compliance with the laws and regulations governing the mortgage brokerage industry.
• Develop and implement standards and practices to ensure effectiveness of the brokerage in servicing the public.