Saskatchewan Mortgage Associate Course

askatchewan Mortgage Associate Course

Online with E-Text

Description

This online course is the first and only Saskatchewan Associate licensing course approved by the Superintendent of Financial Institutions for mortgage associate licensing under the Mortgage Brokerages and Mortgage Administrators Act. It contains information specific to Saskatchewan including regulations, legislation, and business practices. For full details on becoming licensed as a mortgage associate, please visit FCAA's website.

Individuals wanting to apply for a Mortgage Associate license in Saskatchewan 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:

Hewlett Packard 10bII or 10bII+
Texas Instruments BAII+ or BAII+ professional

This course has been re-launched in a new HTML format to make it easier and more convenient to complete on a variety of devices and browsers. For the best user experience, a desktop or laptop is recommended.

Licensing
Saskatchewan

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Licensing
Saskatchewan

Course Policies

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

Students must complete the online modules and final exam within 6 months of their original registration date. Course extensions may be purchased, if required.

Course Content

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 - Appraisals
Module 10 - The Closing Process

PART 4: PROTECTING CONSUMERS & INCREASING INDUSTRY PROFESSIONALISM

Module 11 - Protecting Consumers & Increasing Industry Professionalism

FAQ

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 or an online 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.
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.
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 [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.
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.
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.
How long does it take to get exams results?
Exam results are emailed within 5 business days of your exam date. Upon receiving your results, you can download your certificate under “My Activities”.