Complete the required broker education as part of your path from Mortgage Agent Level 2 to licensed mortgage broker.
Early bird pricing is available now for the National Mortgage Conference, but not for long.
Complete the FSRA-approved Ontario Mortgage Broker Education Program and take the next step in your mortgage career. The program combines self-directed online learning in Phase I with an interactive in-class experience in Phase II to prepare you for the responsibilities of becoming a licensed mortgage broker in Ontario.
The Ontario Mortgage Broker Education Program (OMBEP) is the FSRA-approved education program for Ontario Mortgage Agent Level 2 licence holders who are progressing toward a mortgage broker licence.
The program develops the knowledge and skills needed to supervise mortgage agents, support brokerage compliance and understand the responsibilities of operating within Ontario’s mortgage regulatory framework.
OMBEP is completed in two phases. Phase I introduces the core regulatory, compliance and brokerage-management concepts through online learning. Phase II builds on that knowledge through instructor-led discussion, practical scenarios and real-world application.
Complete the required broker education as part of your path from Mortgage Agent Level 2 to licensed mortgage broker.
Complete Phase I Online first, followed by the Phase II instructor-led in-class session.
Build your foundation in regulation, compliance, supervision and brokerage management through self-directed online study.
Apply your Phase I knowledge through instructor-led discussion, interactive activities and practical brokerage scenarios.
The Ontario Mortgage Broker Education Program combines flexible online learning with an interactive in-class experience. Begin with Phase I Online, then complete Phase II In-Class to fulfill the education component of the Ontario mortgage broker licensing pathway.
The Ontario Mortgage Broker Education Program (OMBEP) is the FSRA-approved education program for Ontario Mortgage Agent Level 2 licence holders who are progressing toward a mortgage broker licence.
The program focuses on the knowledge and practical skills required to supervise mortgage agents, support brokerage compliance, protect clients and understand the responsibilities of operating within Ontario’s mortgage regulatory environment.
OMBEP is a two-phase program prescribed by the Financial Services Regulatory Authority of Ontario (FSRA). The program is designed to meet the Mortgage Broker Qualifying Standards (MBQS) and the Mortgage Broker Regulators’ Council of Canada (MBRCC) Managing Broker Program Competencies and Curriculum.
Understanding the Regulatory Environment
Build your understanding of Ontario’s mortgage regulatory
environment and the importance of maintaining a collaborative
relationship with the regulator.
Brokerage Policies and Procedures
Learn how to develop and implement policies and procedures that help
mortgage agents comply with the Mortgage Brokerages, Lenders and
Administrators Act, 2006, its Regulations and other prescribed
requirements.
Supervising Mortgage Agents
Develop the knowledge needed to effectively supervise mortgage agents
and support appropriate conduct, compliance and professional standards
within a brokerage.
Ethical Decision-Making
Learn how to assess whether staff are acting ethically and determine
appropriate steps when conduct or compliance concerns arise.
Client Protection
Explore the responsibilities of a mortgage broker and brokerage when
working with and protecting clients.
Brokerage Best Practices
Learn how to create and implement effective practices that support
sound brokerage operations, supervision and compliance management.
Applying Your Knowledge in Phase II
Phase II builds on the concepts introduced during Phase I through
practical examples, interactive activities, peer discussion and
fact-based scenarios. Participants explore the real-world application
of Ontario’s mortgage legislation and regulations at the
brokerage level.
Phase I must be successfully completed before you register for a Phase II session.
To become a licensed mortgage broker in Ontario, you must upgrade from an active Mortgage Agent Level 2 licence and meet the education, experience, eligibility and suitability requirements established by the Financial Services Regulatory Authority of Ontario (FSRA).
1. Hold a Mortgage Agent Level 2 Licence
You must already be licensed as a Mortgage Agent Level 2 in Ontario before progressing to a mortgage broker licence.
2. Meet the Level 2 Experience Requirement
You must have been licensed as a Mortgage Agent Level 2 for at least 24 months during the previous 36 months.
3. Complete the Required Licensing Education
Ontario’s mortgage broker education pathway includes the Mortgage Agent Level 1 education program, the Private Mortgages Course and the approved mortgage broker education program.
4. Complete the Ontario Mortgage Broker Education Program
Complete both phases of OMBEP. Phase I is completed first, followed by the required Phase II instructor-led session.
The approved mortgage broker education program must be completed within three years before you apply for your mortgage broker licence.
5. Apply to Upgrade Your Licence
Once you have met the broker licensing requirements, the Principal Broker of your mortgage brokerage initiates your licence upgrade application through FSRA’s Licensing Link system.
To qualify for a mortgage broker licence in Ontario, FSRA requires applicants to:
Completing OMBEP satisfies an important education requirement toward becoming a mortgage broker, but you must also meet FSRA’s experience, eligibility and suitability requirements.
For complete and current information about eligibility and the licensing process, visit the Financial Services Regulatory Authority of Ontario (FSRA) mortgage broker licensing requirements page .
Before registering for the Ontario Mortgage Broker Education Program, please review the course and cancellation policies.
OMBEP registration includes both Phase I and Phase II, program materials, access to the Phase I online studies and the required Phase II learning component.
Phase II sessions have specific registration, attendance, cancellation and transfer requirements. Space may be limited and registration may close once capacity is reached or before the scheduled session begins.
Find answers about OMBEP, Phase I and Phase II, broker licensing requirements, registration and what to expect as you complete your Ontario mortgage broker education.
Yes. The Ontario Mortgage Broker Education Program offered by Mortgage Professionals Canada is approved by the Financial Services Regulatory Authority of Ontario (FSRA) for Ontario mortgage broker licensing education.
Yes. OMBEP is a two-phase program. You must successfully complete Phase I before proceeding to the required Phase II component.
Yes. Phase I is the online portion of the Ontario Mortgage Broker Education Program and introduces the core regulatory, compliance, supervision and brokerage-management concepts required for the program.
Yes. Full completion of Phase I is a mandatory prerequisite for registration in a Phase II session.
You must register for a Phase II session within one year of completing Phase I.
Phase II builds on the knowledge developed during Phase I using practical examples, open discussion, interactive activities and fact-based scenarios.
The facilitator and industry practitioners guide participants through real-world applications of Ontario mortgage legislation and regulations at the brokerage level, with particular emphasis on brokerage compliance management responsibilities.
Yes. Attendance for the full day on every scheduled Phase II class day is mandatory.
Participants who miss class because of lateness or leave early may not be permitted to complete the required examination.
Scheduled Phase II classes run Monday through Friday from 9:00 a.m. to 5:00 p.m.
Session format and location may vary by offering, so review the current Phase II registration page for upcoming dates and delivery details.
Yes. The OMBEP tuition is $495 and includes registration in Phase I and Phase II, along with the applicable program materials and required program components.
FSRA requires mortgage broker applicants to have been licensed as a Mortgage Agent Level 2 for at least 24 months during the previous 36 months.
You must complete the approved mortgage broker education program within three years before applying for your Ontario mortgage broker licence.
See what students and mortgage professionals have to say about their experience learning with Mortgage Professionals Canada.
"Our instructor Renee Dadswell was amazing. Very knowledgeable and engaging the entire course. You can tell she is a very kind person who truly cares about her students."
“Very professional. Very helpful great in class experience. Highly recommend.”
“Thank you to Renee Dadswell our instructor and the MPC Team for all the help during my week with you. The experience and knowledge received will be more than helpful for me to be successful as a Mortgage Broker in the industry.”
“Line D'amour is wonderful. A true leader and professional. Recently completed the mortgage broker phase 2 under her leadership. Line was very thorough, supportive, encouraged discussion and made an intense course, incredibly fun!”