Self-directed learners should plan for approximately 40 hours of study.
Early bird pricing is available now for the National Mortgage Conference, but not for long.
Complete the FSRA-approved Ontario Mortgage Agent Level 1 Course and take the first step toward getting licensed as a mortgage agent in Ontario. Choose from in-class, virtual and self-directed online learning options.
The Ontario Mortgage Agent Level 1 Course is approved by the Financial Services Regulatory Authority of Ontario (FSRA) and is required for individuals beginning a career as a mortgage agent in Ontario.
Getting started is straightforward. Choose the learning format that works best for you, complete the course and successfully pass the final examination. Self-directed students can work through the course online at their own pace, while instructor-led options provide structured guidance in class or virtually.
The course is designed to build the foundational knowledge and practical skills you need to understand Ontario's mortgage industry and prepare for the next step toward licensing.
Self-directed learners should plan for approximately 40 hours of study.
Complete your self-directed online course within six months of registration.
Study in-class, attend virtually or complete the course online at your own pace.
Complete the course and successfully pass the required final examination.
All four options meet the same Ontario Mortgage Agent Level 1 education requirement — the difference is how you choose to learn. Compare instructor-led in-class and virtual courses with flexible self-directed online options below.
This competency-based mortgage agent education program is designed to help you develop the practical skills, knowledge and professional competencies needed to provide mortgage brokerage services in Ontario.
Rather than focusing on knowledge alone, the program emphasizes how to apply what you learn in real-world mortgage brokerage situations. You’ll build the competencies needed to work with clients, understand Ontario’s mortgage brokerage regulatory environment, process mortgage transactions, recognize and help prevent mortgage fraud and conduct your mortgage agent practice ethically and responsibly.
The course syllabus is structured around the Mortgage Broker Regulators’ Council of Canada (MBRCC) competencies:
Competency 1: Know the Mortgage Brokerage Contextual Framework Develop an understanding of the mortgage brokerage environment and the context in which mortgage professionals operate.
Competency 2: Practice Mortgage Brokerage in Compliance with the Law Understand and apply the legal and regulatory requirements that govern mortgage brokerage activities.
Competency 3: Manage Mortgage Brokerage Relationships Develop the skills needed to manage professional relationships with clients and other parties involved in the mortgage process.
Competency 4: Process Mortgage Brokerage Transactions Build the practical skills required to support and process mortgage brokerage transactions effectively.
Competency 5: Detect and Prevent Mortgage Fraud Learn to recognize potential indicators of mortgage fraud and understand your responsibilities in helping prevent fraudulent activity.
Competency 6: Manage Your Mortgage Agent Practice Develop the professional and organizational skills required to manage your mortgage agent practice effectively.
Competency 7: Act Ethically and Responsibly Understand the ethical responsibilities of a mortgage professional and apply sound professional judgment when working with clients and industry partners.
Choose the learning format that works best for your schedule. The Ontario Mortgage Agent Course is available through both in-class and online learning options.
In-Class Learning
The in-class Ontario Mortgage Agent Course is delivered over five consecutive weekdays, five Saturdays, or five weeknights with classes running from 9:00 a.m. to 4:30 p.m. Learners receive instruction from experienced mortgage industry professionals who bring practical industry knowledge into the classroom.
Online Learning
The online Ontario Mortgage Agent Course offers the flexibility to complete your studies on your own schedule. The course takes approximately 40 hours to complete, and learners must complete all course requirements within six months of registration.
Final Examination
Regardless of the learning format selected, learners are required to complete a final examination after finishing the course. The exam consists of 50 multiple choice questions. The required passing grade is 60%.
Becoming a licensed Mortgage Agent Level 1 in Ontario involves completing the required mortgage agent education, passing the final examination, joining a licensed mortgage brokerage and applying for your licence with the Financial Services Regulatory Authority of Ontario (FSRA).
1. Complete the Mortgage Agent Level 1 Course
Complete an FSRA-approved Mortgage Agent Level 1 education program, such as the Ontario Mortgage Agent Course. Successfully completing the approved course is an education requirement for becoming licensed as a Mortgage Agent Level 1 in Ontario.
2. Pass the Final Examination
Successfully complete the required final examination as part of your approved Mortgage Agent Level 1 education program.
3. Join a Licensed Mortgage Brokerage
After successfully completing the Ontario Mortgage Agent Course, you must be authorized by a licensed Ontario mortgage brokerage to deal in mortgages. Your mortgage brokerage plays an important role in the licensing process and you may work for only one mortgage brokerage at a time.
4. Apply for Your Ontario Mortgage Agent Level 1 Licence
The next step is applying for a Mortgage Agent Level 1 licence with the Financial Services Regulatory Authority of Ontario (FSRA). Your mortgage brokerage submits your licence application to FSRA.
To be eligible for a Mortgage Agent Level 1 licence in Ontario, you must meet FSRA’s licensing requirements, including:
Completing the education requirement is an important step toward becoming a licensed Mortgage Agent Level 1 in Ontario, but you must also meet FSRA’s eligibility requirements and be associated with a licensed mortgage brokerage before you can become licensed.
For complete and current information about eligibility, application requirements and the licensing process, visit the Financial Services Regulatory Authority of Ontario (FSRA) Mortgage Agent Level 1 licensing requirements page.
Before registering for your course, please review the Course and Cancellation Policies and the Learner Code of Conduct .
These documents outline important information about course registration, cancellations and other course requirements, as well as the standards of conduct and responsibilities expected of learners completing education courses with Mortgage Professionals Canada.
Find answers about course access, learning formats, the final examination and what to expect as you complete your Ontario Mortgage Agent Level 1 education.
Yes. The Mortgage Professionals Canada Ontario Mortgage Agent Level 1 Course is approved by the Financial Services Regulatory Authority of Ontario (FSRA) and provides the required Level 1 education for individuals beginning the process of becoming licensed as a mortgage agent in Ontario.
Yes. Mortgage Professionals Canada offers instructor-led in-class and virtual learning options, as well as self-directed online options.
Self-directed learners can complete the course online at their own pace, while instructor-led formats provide a more structured learning experience.
The self-directed Ontario Mortgage Agent Level 1 Course requires approximately 40 hours of study. You have six months of online access to complete the course, allowing you to work through the material at your own pace.
Online course access is available immediately after registration.
You can access your course through your MPC online account. Your e-textbook can be downloaded from the online course or accessed using the link included in your registration confirmation email.
The passing grade for the Ontario Mortgage Agent Level 1 final exam is 60%.
Online learners must complete the course before booking their final exam. Once your course is complete, the BOOK EXAM button will become available on your My Activities page.
Online exam bookings cost $75 while in-person exam bookings at Mortgage Professionals Canada's head office are offered free of charge.
For complete information about examination options and testing locations, visit the Exam Information page.
Yes. Exam options are available for learners who live outside the Greater Toronto Area (GTA).
Individual exam bookings outside the GTA are $100 + HST. Email [email protected] with your request to determine the testing centre closest to you or visit the Exam Information page for additional details.
If you do not pass the final exam on your first attempt, you are permitted one exam rewrite. Your rewrite must be completed within six months of receiving your exam result by email.
To request a rewrite, email [email protected]. Fees may apply depending on the exam format and location.
If you do not pass the rewrite, you will need to re-enrol in the Ontario Mortgage Agent Level 1 Course before continuing your studies.
Your Ontario Mortgage Agent Level 1 exam results will be emailed to you within five business days of your exam date.
Once you receive your results, your course completion certificate can be downloaded from My Activities in your MPC online account.
Course registrations cannot normally be placed on hold or transferred to another person.
Exceptions may be considered in certain circumstances. Contact the MPC Education Department by email to submit a request for review.
See what students and mortgage professionals have to say about their experience learning with Mortgage Professionals Canada.
"The class was amazing, very well organized, and all the materials and resources were provided, which made learning easy and stress-free."
“Rick brought an amazing amount of energy, clarity, and patience to the session. He broke down complex lending concepts into simple, practical steps that were incredibly easy to follow.”
“The online modules, online exams all are very easily accessible and easy to work with. Thanks for all your support.”
“Both instructors were absolutely amazing. Not only did they teach the course clearly and effectively, but they also shared their own personal experiences and real-life situations that really brought the course material to life.
Having them teach on different days was fantastic because it allowed each of them to showcase their own strengths and personal flair — one with a more sales-focused approach and the other with deep expertise in compliance — while still offering well-rounded, practical insight into both areas.
It was very clear that Line and Rick genuinely care about their students and their future success.”
