This program covers the key topics, skills and knowledge necessary for you to successfully enter the industry as a mortgage broker. See below for the course syllabus:
MODULE 1: SETTING UP YOUR MORTGAGE BROKERAGE- The Regulatory Environment
- Licensing
- The Role of the Principal Broker
- Mortgage Brokerage Business Models
- Dealing with the Registrar
MODULE 2: STAFFING AND SUPERVISING YOUR MORTGAGE BROKERAGE- Recruiting and Hiring Suitable Employees
- Identifying Key Competencies
- Supervising, Managing, and Coaching
- Ethical Practice in the Mortgage Industry
MODULE 3: OPERATING YOUR MORTGAGE BROKERAGE- Creating a Culture of Compliance
- Creating and Implementing Policies and Procedures
- Managing and Ensuring Compliance
- Record-Keeping and Reporting Requirements
- Trust Fund Obligations and Private Investors
- Information Security
MODULE 4: DEALING WITH YOUR CUSTOMERS- The Duty of Care
- Identifying Parties to Transactions
- Disclosures
- Ensuring Suitability
- Complaint Handling
MODULE 5: PROTECTING YOUR CUSTOMERS- Advertising Standards
- Fraud Prevention
- Prohibited Activities
Got a question? Try browsing our FAQ below for help. If your question is still not answered, please call us at 416-385-2333 x2610 for further assistance!
- What is the passing grade?
60%
- What happens if I fail?
Rewrites are free for scheduled exams at our MPC facilities. However, a fee of $75 would apply if booking an individual exam outside the GTA. You must re-write the exam within 6 months of receiving pass/fail email notification. If you fail a second time, you will need to re-enrol in the course.
- How do I book an exam and where can I write it?
Online learners need to complete their course before an exam date can be booked. When ready, please email the Exams Department to request an individual sitting at exams@mpc.ca
- Does the exam cost money?
Online exams cost $75 and the in-person exam fee is $100.
- How can I request a rewrite and how many rewrites do I get?
Email exams@mpc.ca to schedule a re-write within 6 months of receiving your grade. Only 1 rewrite is permitted. If you fail the rewrite, re-enrolment would be required to continue with your studies.
- When will my textbook arrive?
In-class students receive their text book on the first day of class. A link to the e-textbook is provided in the registration confirmation email sent by the Education Department. Online students receive their textbook within 5 business days via FEDEX.
- When do I get access to my online program?
Online access is available immediately upon registration. Students can either download their e-textbook from their online course or use the link provided to them in their registration email (welcome email).
- Can I place a hold on my course, or transfer my registration to another person?
No. However, exceptions may be made if requests are submitted to the Education Department by email for review
