The MBQ101 Mortgage Brokering in Quebec program provides specific information on Quebec legislation and the Act respecting the distribution of financial products and services (LDPSF). This self-paced learning program teaches the knowledge and skills necessary to fulfil the responsibilities of a broker with integrity and compliance.
Candidates who wish to become mortgage brokers are strongly recommended to commit to completing this program on a full-time basis. Knowledge checks, mathematical calculations, written answers to questions, scenarios and problem solving will allow participants to master the process and demonstrate their abilities for the final exam. The course is based on the two AMF manuals, E-611 Mortgage Brokerage and E-116 Ethics and Professional Practice.
This course covers all the topics, skills and knowledge that will enable you to pass the MPC exam, which is similar in format and content to the AMF exam. Here is the list of modules covered by the program:
Module 0 - Navigating the online platform
Module 1 – Introduction to mortgage credit
Module 2 – Mortgage products and mathematics applied to mortgage credit
Module 3 – Mortgage credit process and the role of the mortgage broker
Module 4 – The Borrower and Qualification
Module 5 – Real estate assets
Module 6 – Mortgage Applications, Recommendations and Submissions
Module 7 – Facilitating the Closing Process
Module 8 – Commercial Mortgages