Mortgage Agent Level 1

The Canadian Mortgage Brokers Association (CMBA)’s Ontario Mortgage Agent 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.

The Mortgage Agent Course provides learners with the knowledge and skills needed to become an effective mortgage agent holding the Mortgage Agent Level 1 licence and negotiate mortgage transactions with financial institutions.

What You’ll Learn

• Analyze the contextual framework in which mortgages are transacted in Ontario.
• Explain the components and mechanics of a mortgage.
• Recognize the impact of the legal requirements related to the ownership and disposition of land and property on the mortgage industry.
• Recognize the impact of regulation and legislation on the mortgage industry in Ontario.
• Qualify the borrower(s).
• Determine the borrower’s needs and match them up with product offerings available in the market.
• Obtain an approval for a mortgage that is suitable for the borrower(s) from a lender.
• Disclose terms and conditions to the borrower.
• Facilitate the mortgage closing process.
• Manage contracts and agreements in accordance with legislation, including PIPEDA.
• Recognize the impact of tort law on the mortgage brokerage industry.
• Distinguish between ethical and unethical behaviours.