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Get Licensed in Ontario

The Ontario Mortgage Agent Course is approved for licensing as a level 1 mortgage agent by the Financial Services Regulatory Authority of Ontario (FSRA).

Level 1 Mortgage Agent Licensing

Individuals considering a career in the mortgage industry must complete the Ontario Mortgage Agent Course. This comprehensive licensing program adheres to the Qualifying Standards for Mortgage Agents (QSMA) set by regulators and is crafted with the input of education specialists and industry professionals. This course is designed 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:

  • Be 18 years of age or older.
  • Be a resident of Canada.
  • Have a mailing address in Ontario that can receive registered mail (no P.O. box)
  • Be authorized by a mortgage brokerage to deal in mortgages Work for only one mortgage brokerage.
  • Have a valid email address.
  • Successfully complete the Ontario Mortgage Agent Course.
  • Apply for a Mortgage Agent Level 1 licence within two years of successfully completing the approved course.
  • Be suitable for a licence.

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.

 

Sign-up Bonus - Back to the Fundamentals Virtual Symposium

IN-CLASS

Register for the Ontario Mortgage Agent Course in-class.

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$425

VIRTUAL CLASS

Register for the Ontario Mortgage Agent Course virtual class.

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$425

ONLINE E-TEXT

Register for the online Ontario Mortgage Agent Course with electronic copy of the textbook.

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$375

ONLINE PRINTED TEXT

Register for the online Ontario Mortgage Agent Course with a printed copy of the textbook.

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$425

For more information on course policies, content and to review frequently asked questions, click on "More Details" for your desired registration option above.

Advanced Licenses

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. 

 

Private Mortgages Course

 

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!

 

 

Mortgage Broker Phase 1

 

Considering becoming a Principal Broker, supervising other agents, or opening your own brokerage? Then this course is for you!

 

 

Mortgage Broker Phase 2

 

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. 

 

Mortgage Licensing Equivalency Course

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:

  • Explain the legal and regulatory framework that applies to mortgage brokering in Ontario;
  • Differentiate between mortgage brokerage/broker/agent/administrator in Ontario; and,
  • Apply the requirements (including standards of practice) applicable to mortgage brokering in Ontario

 

 

ONLINE

Register for the online Ontario Mortgage Licensing Equivalency Course.

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$99 Members
$149 Non-Members

For more information on course policies, content and to review frequently asked questions, click on "More Details" above.


Sign-Up Bonus Details

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!

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