Provincial Matters

Mortgage Professionals Canada is actively involved with provincial regulators on issues such as regulation, education, disclosure, licensing and more. With member input, we provide consultation and advice on legislative matters; report on discussion papers and maintains engaging dialogue to ensure the interests of our members are represented. Provincial regulators also frequently speak at our regional symposiums providing updates and information to members across the country. 

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Manitoba Government Asked to Provide Mortgage Professionals Immediate Emergency COVID-19 Regulatory Relief

by Mortgage Professionals Canada | Nov 26, 2020
Learn more about the urgent letter we submitted to Manitoba's Minister of Finance to better support mortgage professionals during the COVID-19 pandemic.

This week, Mortgage Professionals Canada, with the assistance of your Manitoba Chapter members, delivered a letter to Scott Fielding, Manitoba‘s Minister of Finance. It requests immediate remedies to the red tape and public safety issues the province’s mortgage brokering community continues to wrestle with. 

Members in Manitoba have voiced continuing concern regarding the need to capture “wet ink” or in person signatures to complete mortgage fundings, an issue that is additionally frustrating given the electronic signature permissions granted to Realtors in the province. With COVID-19 cases continually rising, Shirl Funk and our team felt it especially important to act to address the issue quickly. Click here to view the letter.

We thank Keith Schinkel, Registrar of the Real Estate Division of the Manitoba Securities Commission, for his time and guidance. We also thank Minister Fielding’s office and Premier Pallister’s government for their recognition of this pressing issue, and hope that action will be quick. We will update you as warranted. 

As always, if you have any questions, please feel free to forward them to us. Thank you.