Understand the Mortgage Industry
Learn how Newfoundland and Labrador’s mortgage industry is structured, including the regulatory framework, legislation, professional responsibilities and business practices that apply to mortgage brokers.
Early bird pricing is available now for the National Mortgage Conference, but not for long.
Complete the Newfoundland and Labrador Mortgage Broker Course (NLMBC), designed to meet the educational requirements established by the Superintendent of Mortgage Brokerages and Brokers. This online licensing course provides the province-specific education required to work toward registration as a mortgage broker in Newfoundland and Labrador.
Build your understanding of Newfoundland and Labrador mortgage regulations, legislation and business practices while developing the practical knowledge needed to work with borrowers and begin your career in the province’s mortgage industry.
Select the format you prefer when registering.
The Newfoundland and Labrador Mortgage Broker Course covers the key knowledge and practical concepts you need to understand the mortgage industry, work with borrowers and meet the province-specific education requirements for mortgage broker licensing in Newfoundland and Labrador.
Learn how Newfoundland and Labrador’s mortgage industry is structured, including the regulatory framework, legislation, professional responsibilities and business practices that apply to mortgage brokers.
Build your understanding of mortgage applications, borrower qualification, mortgage products, mortgage mathematics, property valuation and the steps involved in arranging and completing a mortgage transaction.
Explore consumer protection, professional standards and the responsibilities involved in serving mortgage clients effectively and ethically within Newfoundland and Labrador’s regulatory environment.
The Newfoundland and Labrador Mortgage Broker Course is completed online and includes the province-specific education required for mortgage broker licensing. Before registering, review the course requirements, examination options and materials you’ll need to complete the program.
Find answers about course access, the final examination, financial calculator requirements, licensing requirements and what to expect after registering.
The Newfoundland and Labrador Mortgage Broker Course (NLMBC) covers the key topics, skills and knowledge you need to enter the mortgage industry in Newfoundland and Labrador.
The course combines foundational mortgage industry education with Newfoundland and Labrador-specific regulations, legislation and business practices. You’ll develop your understanding of mortgage mathematics, the mortgage process, borrower qualification, property valuation, consumer protection and professional responsibilities.
Part 1: The Mortgage Industry in Perspective
Part 2: Mortgage Mathematics
Part 3: The Mortgage Process from A–Z
Part 4: Protecting Consumers & Increasing Industry Professionalism
Part 5: Booking Your Final Exam
The Newfoundland and Labrador Mortgage Broker Course is designed in line with the educational requirements established by the Superintendent of Mortgage Brokerages and Brokers under Section 6 of the Regulations. Individuals applying for a Mortgage Broker licence in Newfoundland and Labrador must complete the course and successfully pass the final examination.
Complete the Newfoundland and Labrador Mortgage Broker Course
Complete all required online course modules before booking your final examination. The course includes Newfoundland and Labrador-specific regulations, legislation and business practices.
Pass the Final Examination
The passing grade for the final examination is 60%. The examination may be completed online with a remote proctor or in person at a pre-approved testing centre.
Complete the Course Within the Required Timeframe
Students must complete the online course modules and final examination within 6 months of the original registration date. Course extensions may be purchased if required.
Meet Newfoundland and Labrador Licensing Requirements
In addition to completing the required education, applicants must meet the licensing requirements established by Digital Government and Service NL, including:
Once you have successfully completed the course and final examination, you will be eligible to join a mortgage brokerage and submit your licensing application to Digital Government and Service NL.
For complete and current licensing requirements, visit the Government of Newfoundland and Labrador .
Before registering for the Newfoundland and Labrador Mortgage Broker Course, please review the applicable Course and Cancellation Policies and Learners Code of Conduct.
Students must complete the online course modules and final examination within 6 months of their original registration date. Course extensions may be purchased if required.
Find answers about course access, financial calculator requirements, examinations, rewrites and the Newfoundland and Labrador mortgage broker licensing process.
Yes. Individuals applying for a Mortgage Broker licence in Newfoundland and Labrador must complete the Newfoundland and Labrador Mortgage Broker Course and successfully pass the final examination.
The passing grade for the final examination is 60%.
You must complete the online course before an examination can be booked. Once complete, the BOOK EXAM button will become available on your My Activities page.
You may complete the examination online with a remote proctor or in person at a pre-approved testing centre.
Yes. The online examination fee is $75 and the in-person examination fee is $100.
One examination rewrite is permitted. The rewrite must be completed within 6 months of receiving your examination result. If you are unsuccessful on the rewrite, you must re-enrol in the course to continue your studies.
Rewrite fees are $75 for an online examination or $100 for an in-person examination at an MPC-approved facility.
Yes. A financial calculator is required for the Newfoundland and Labrador Mortgage Broker Course. Course instruction supports the Hewlett-Packard 10bII or 10bII+ and the Texas Instruments BAII+ or BAII+ Professional.
Online access is available immediately after registration. Students who select the E-Text option can access the electronic textbook through the online course or through the link provided in their emailed registration receipt.
You have 6 months from your original registration date to complete the online modules and final examination. Course extensions may be purchased if required.
No. However, exceptions may be considered when requests are submitted to the Education Department by email for review.
The Newfoundland and Labrador Mortgage Brokerage Management Course is designed for mortgage professionals who are preparing to supervise brokers and take on the responsibilities of a Principal Broker within a licensed mortgage brokerage.
Build the advanced knowledge and practical skills needed to manage brokerage operations, supervise mortgage brokers, implement compliant policies and procedures and support responsible business practices across your brokerage.
The Newfoundland and Labrador Mortgage Broker Course must be completed before progressing to the Mortgage Brokerage Management Course. Principal Broker applicants must also meet the applicable licensing requirements established by the Superintendent of Mortgage Brokerages and Brokers.
Review the program content, broker licensing requirements, course policies and frequently asked questions before registering.
The Newfoundland and Labrador Mortgage Brokerage Management Course (NLMBMC) is designed in line with the educational requirements established by the Superintendent of Mortgage Brokerages and Brokers under Section 6 of the Regulations.
The program has a different focus than the Newfoundland and Labrador Mortgage Broker Course (NLMBC). You’ll develop the advanced knowledge and practical skills required to supervise mortgage brokers, manage brokerage operations and ensure your brokerage complies with applicable rules and regulatory requirements.
Module 1: Setting Up Your Brokerage
Module 2: Staffing and Supervising Your Brokerage
Module 3: Operating Your Brokerage
Module 4: Dealing With Your Customers
Module 5: Protecting Your Customers
The Newfoundland and Labrador Mortgage Brokerage Management Course is designed for mortgage professionals preparing to supervise mortgage brokers and carry out the responsibilities of a Principal Broker. Successful completion of the program is part of meeting the education requirements for a mortgage brokerage licence in Newfoundland and Labrador.
Complete the Newfoundland and Labrador Mortgage Broker Course First
The Newfoundland and Labrador Mortgage Broker Course (NLMBC) must be completed before you take the Newfoundland and Labrador Mortgage Brokerage Management Course.
Complete the Mortgage Brokerage Management Course
Complete the required online modules covering brokerage operations, supervision, compliance, customer protection and the responsibilities of a Principal Broker.
Pass the Final Examination
A final examination is required to successfully complete the program. The passing grade is 60%.
Complete the Program Within the Required Timeframe
Students must complete the online modules and final examination within 6 months of the original registration date. Course extensions may be purchased if required.
Meet Mortgage Brokerage Licensing Requirements
In addition to completing the required education, applicants for a mortgage brokerage licence must meet the applicable licensing requirements, including:
For complete and current mortgage brokerage licensing requirements, visit the Government of Newfoundland and Labrador .
Before registering for the Newfoundland and Labrador Mortgage Brokerage Management Course, please review the applicable Course and Cancellation Policies and Learners Code of Conduct.
Students must complete the online modules and final examination within 6 months of their original registration date. Course extensions may be purchased if required.
Find answers about prerequisites, program content, the final examination, course access and Newfoundland and Labrador mortgage brokerage licensing requirements.
Yes. You must complete the Newfoundland and Labrador Mortgage Broker Course (NLMBC) before taking the Newfoundland and Labrador Mortgage Brokerage Management Course.
The program focuses on the skills and knowledge required to effectively supervise mortgage brokers and ensure that a mortgage brokerage complies with applicable rules and regulatory requirements.
Key areas include brokerage policies and procedures, supervisory skills, brokerage operations, ethics, customer protection, conflicts of interest and industry best practices.
The program is designed to provide the education required to successfully carry out the responsibilities of a Principal Broker for a mortgage brokerage licence in Newfoundland and Labrador. Brokerage owners are required to complete both the Newfoundland and Labrador Mortgage Broker Course and the Mortgage Brokerage Management Course.
The passing grade for the final examination is 60%.
Online learners must complete the course before an examination can be booked. Once the course is complete, the BOOK EXAM button will become available on your My Activities page.
Examinations may be completed online or in person at an approved testing location.
Yes. The online examination fee is $75 and the in-person examination fee is $100.
One examination rewrite is permitted. The rewrite must be completed within 6 months of receiving your examination result. If you are unsuccessful on the rewrite, you must re-enrol in the course to continue your studies.
Rewrite fees are $75 for an online examination and $100 for an in-person examination.
Online access is available immediately after registration. Students have 6 months to complete the online course modules and final examination.
No. However, exceptions may be considered when requests are submitted to the Education Department by email for review.