This course covers all the key topics, skills and knowledge necessary for you to successfully enter the industry as a mortgage agent. 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

• Module 4 - Mortgage Mathematics

• 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

• Module 11 - Protecting Consumers & Increasing Industry Professionalism

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: 

1. Be 18 years of age or older. 
2. Be a resident of Canada.
3. Have a mailing address in Ontario that can receive registered mail (no P.O. box)
4. Be authorized by a mortgage brokerage to deal in mortgages
5. Work for only one mortgage brokerage.
6. Have a valid email address.
7. Meet the mortgage agent education requirements.
8. Be suitable for a licence.
   
   

For more detailed information on obtaining your level 1 mortgage agent license, please visit the FSRA's licensing requirements page.

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. For the in-class courses, what locations are there?
   We have two locations:
• GTA West - 5110 Creekbank Rd (CHSI), Mississauga OR
• 4180 Duke of York Blvd (Sheridan College HMC)
2. What is the passing grade?
   60%
   
   
3. 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 booking 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.
   
   
4. 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, which will permit them to schedule an exam sitting of their choosing. For in-class students, the final exam is held on the last day of class. 
   
   
5. Does the exam cost money?
   Online exams cost $75. In-person exams cost $100.
   
   
6. 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.
   
   
7. I don’t live in the GTA, can I write my exam in another city?
   Individual exam bookings outside the GTA are $75+HST. Email a written request to exams@mpc.ca  to determine the test centre closest to you and to finalize a booking.
   
   
8. How do I request an exam deferral?
   Exam deferrals are permitted for in-class students who require one because of a medical issue, or due to extenuating circumstances.  Please ensure to receive official approval from the Education Department for an exam deferral by emailing exams@mpc.ca Approval for an exam deferral must be finalized prior to your scheduled exam date.
   
   
9. When will my textbook arrive?
   In-class students receive their text book on the first day of class. Students registered in virtual classes, as well as online students, receive their textbook within 5 business days via FEDEX Express Post. All students receive a link to the e-textbook in their registration confirmation email sent by the Education Department
   
   
10. 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).
    
    
11. 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.
    
    
12. Do I need to attend all 5 days of the course?
    Yes! Attendance on all days of class is mandatory and is is strictly monitored. Full course participation is required in order for students to be eligible to write the final exam.