Saskatchewan Mortgage Broker Education Program

askatchewan Mortgage Broker Education Program

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Description

The Saskatchewan Mortgage Broker Education Program is required by the Financial and Consumer Affairs Authority (FCAA) for Mortgage Broker licensing under the Mortgage Brokerages and Mortgage Administrators Act. For full broker licensing requirements, please visit FCAA's website.

Mortgage Professionals Canada's Saskatchewan Mortgage Broker Education Program is designed in line with the FCAA-mandated curriculum as set forth by the Qualifying Standards for Mortgage Brokers (QSMB). FCAA developed the QSMB with the assistance of education experts and through extensive industry consultation, ensuring that the standards align with actual practice.

This program has a different focus than the mortgage associate program - it is based on the skills and knowledge required to effectively supervise associates and to ensure that the brokerage complies with all applicable rules.

The Program focuses on:

Implementing policies and procedures to ensure that brokers/associates comply with the Act and Regulations;

Supervisory skills;
Ethics;
Conflict of interest; and
Best practices.

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.

Permis
Saskatchewan

Chose date to register

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Permis
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 broker. See below for the course syllabus:

MODULE 1: SETTING UP YOUR BROKERAGE

The Regulatory Environment
Licensing
The Role of the Principal Broker
Brokerage Models
Dealing with the Regulator

MODULE 2: STAFFING AND SUPERVISING YOUR BROKERAGE

Recruiting and Hiring Suitable Employees
Identifying Key Competencies
Supervising, Managing and Coaching
Ethical Practice in the Mortgage Industry

MODULE 3: OPERATING YOUR BROKERAGE

Creating a Culture of Compliance
Creating and Implementing Policies and Procedures
Managing and Ensuring Compliance
Record Keeping and Reporting Requirements
Trust Fund Obligations and Private Investors
Understanding Financial Statements
Information Security

MODULE 4: DEALING WITH YOUR CUSTOMERS

The Agency Relationship
Identifying Parties to Transactions
Disclosures
Ensuring Suitability
Complaint Handling

MODULE 5: PROTECTING YOUR CUSTOMERS

Advertising Standards
Fraud Prevention
Prohibited Activities

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. 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 registration email (welcome email).
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”.