Mortgage Agent

Humber’s Mortgage Agent course has been accredited by the Financial Services Regulatory Authority of Ontario (FSRA) to facilitate knowledge transfer and meet the educational requirements for licensing as a Mortgage Agent 1 – Level 1. The course follows the Mortgage Education and Accreditation Standards. The course provides those wishing to become licensed as a Mortgage Agent – Level 1 in Ontario with the knowledge and understanding of the mortgage brokerage industry and an ability to perform the Agent’s role in the mortgage application process. Once completed, this program prepares Level 1 Agents to be able to deal and trade in mortgages with lenders that are financial institutions or approved under the National Housing Act.

In this course the learner engages with legislation governing the mortgage industry. They learn about the role of the Agent in consumer protection and ethical decision-making.

Learners who successfully complete the MORT 201 Mortgage Agent – Level 1 are required to be employed by a Mortgage Brokerage to become licensed as a Mortgage Agent – Level 1. The Mortgage Brokerage who employs the graduate is required to apply to FSRA on their behalf to obtain a Mortgage Agent 1 License.

In this course learners attend instructor-led live sessions, complete independent course work, assignments, and a final exam. Each week comprises asynchronous and synchronous sessions and/or activities. Learners spend time each week on self-directed and/or facilitated work which is detailed on the critical path.

What You’ll Learn

• Explain the mortgage agent framework.
• Discuss the laws which relate to a mortgage agent for compliance.
• Demonstrate management capabilities necessary for an effective mortgage agent relationship.
• Execute mortgage transactions.
• Identify methods to detect and prevent mortgage fraud.
• Discuss how the role of the mortgage agent relative to the overall management of an individual mortgage brokerage
• Employ acts of ethical and responsible behaviours.