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Course Catalogue


Newfoundland and Labrador Mortgage Broker Course (Online with Printed Text)

NON-MEMBER
$425.00
COURSE TYPE
Licensing

Hard copy of the course textbook, shipping and taxes are all included in the above pricing. Shipping cost within Canada included. Contact us for information on US and international shipping options.

Please read the Course and Cancellation Policies and the Learners Code of Conduct before registering.

This online course is the first and only Newfoundland and Labrador mortgage broker course that is designed in line with the educational requirements established by the Superintendent of Mortgage Brokerages and Brokers under section 6 of the regulations.

It contains information specific to Newfoundland including regulations, legislation, and business practices. For full details on becoming licensed as a mortgage associate, please visit the Digital Government and Service NL licensing requirements page. 

Individuals wanting to apply for a Mortgage Broker license in Newfoundland and Labrador must complete this course and successfully pass the final examination either in-person at a pre-approved testing centre or online with a remote proctor. 

A financial calculator is required for this course; calculators are available at most business supply stores.

This course provides instruction for the following models:
• Hewelet Packard 10bII or 10bII+
• Texas Instruments BAII+ or BAII+ professional

For the best user experience, a desktop or laptop is recommended.

Take up to six (6) months to complete this online course and exam. Exams must be written in Canada.


MORE INFORMATION

Please make sure to read the Course and Cancellation Policies and the Learners Code of Conduct prior to registering for the course.

This course covers all the key topics, skills and knowledge necessary for you to successfully enter the industry as a mortgage associate. See below for the course syllabus:

PART 1: THE MORTGAGE INDUSTRY IN PERSPECTIVE

  • Module 1 - Overview of the Industry
  • Module 2 - Regulatory Framework
  • Module 3 - Legal Overview

PART 2: MORTGAGE MATHEMATICS

  • Module 4 - Mortgage Mathematics

PART 3: THE MORTGAGE PROCESS FROM A-Z

  • Module 5 - Understanding The Mortgage Process
  • Module 6 - Completing The Mortgage Application
  • Module 7 - Qualifying The Borrower
  • Module 8 - Mortgage Products, Related Products, And Submitting The Application
  • Module 9 - Valuing the Property and the Decision to Lend 
  • Module 10 - The Closing Process

PART 4: PROTECTING CONSUMERS & INCREASING INDUSTRY PROFESSIONALISM

  • Module 11 - Protecting Consumers & Increasing Industry Professionalism

PART 5: Booking Your Final Exam 

  • Module 12 - Booking your final exam

 

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!

  1. What is the passing grade?
    60%

  2. What happens if I fail?
    Rewrites are available for a fee of $75 for online exams or $100 for an in-person exam. 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.

  3. 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. Once complete, learners will have access to the BOOK EXAM button on their My Activities page. For full details on examinations and testing sites, please visit our exam info page.

  4. Does the exam cost money?
    Online exams cost $75 and the in-person exam fee is $100.

  5. How can I request a rewrite and how many rewrites do I get?
    Email [email protected] 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.

  6. When will my textbook arrive?
    Online students receive their textbook within 5 business days via FEDEX, though a link to the e-textbook is provided in the registration confirmation email sent by the Education Department.

  7. 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 emailed registration receipt.

  8. 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.

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