Individuals considering a career in the mortgage industry must complete the Ontario Mortgage Agent Level 1 Course. This comprehensive licensing program adheres to the Accreditation Standards, as well as the competencies and curriculum for mortgage agents set out by the Mortgage Broker Regulator's Council of Canada (MBRCC). This course is crafted with the input of education specialists and industry professionals to equip participants with the knowledge and skills necessary to meet the high standards of practice in the field.
The in-class course is delivered over 5 consecutive weekdays or Saturdays, from 9:00 a.m. to 4:30 p.m., and is taught by seasoned mortgage industry professionals. The online course takes roughly 40 hours to complete. Students must ensure to finish their studies within 6 months of registering. Upon course completion, students are required to write a final examination.
Once you've completed the Ontario Mortgage Agent Course, you will need to apply for your level 1 mortgage agent license with FSRA. Below is a list of the eligibility requirements for licensing:
For more detailed information on obtaining your level 1 mortgage agent license, please visit the Financial Services Regulatory Authority of Ontario's (FSRA) licensing requirements page.
ONLINE E-TEXT
Register for the online Ontario Mortgage Agent Course with electronic copy of the textbook.
$399
ONLINE PRINTED TEXT
Register for the online Ontario Mortgage Agent Course with a printed copy of the textbook.
$429
For more information on course policies, content and to review frequently asked questions, click on "More Details" for your desired registration option above.
Still unsure about completing your Mortgage Agent Course through MPC? See what people are saying about our program!
Mortgage Professionals Canada is the proud provider of advanced licensing education in Ontario for individuals interested in upgrading their licence to agent level 2 and mortgage broker. See below for more details on the available course options.
Looking to upgrade your license to level 2 and be able to deal in mortgages provided by lenders other than financial institutions? Then this course is for you!
Considering becoming a Principal Broker, supervising other agents, or opening your own brokerage? Then this course is for you!
Have you completed Phase I of the Mortgage Broker Education Program? If so, click below to register for the second and final phase!
This course is an education requirement for out-of-province licensees applying for a mortgage agent/broker licence in Ontario.
The Ontario Mortgage Licensing Equivalency Course focuses on competencies that are Ontario-specific to ensure out-of-province applicants have knowledge of the requirements included in the Mortgage Brokerages, Lenders and Administrators Act, 2006 (MBLAA), its regulations and FSRA’s guidance and rules that differ from other jurisdictions.
The online course takes 2 hours to complete and is followed by a 30-minute final exam comprised of 20 multiple-choice questions. The passing grade is 70%.
Upon completion of the course and quiz, out-of-province applicants will be able to demonstrate knowledge of the requirements to practice the mortgage broker/agent occupation in Ontario. Specifically, they will be able to:
ONLINE
Register for the online Ontario Mortgage Licensing Equivalency Course.
$99 Members
$149 Non-Members
For more information on course policies, content and to review frequently asked questions, click on "More Details" above.
Mortgage Professionals Canada's Back to the Fundamentals Virtual Symposium brings together speakers and mentors to help support newcomers to the mortgage industry as well as individuals looking to brush up on mortgage basics.
This offer is only available to MPC students who are registered in an introductory licensing course. Students will automatically receive an emailed invitation to attend the next scheduled Back to the Fundamentals Virtual Symposium for free!
