loading site..

Catalogue des cours

Retour au catalogue

Private Mortgages Course (Online)

MEMBER
329,00 $
NON-MEMBER
399,00 $
COURSE TYPE
Licensing

The Private Mortgages Course is an education requirement that mortgage agents must complete in order to upgrade their licence to "Level 2" and be able to deal and trade in mortgages provided by lenders other than financial institutions and CMHC approved lenders under the National Housing Act, such as:

  • mortgage investment companies (MICs)
  • syndicates
  • private individuals
  • agents, brokers, and brokerages


The online format is a self-study program which must be completed within 6 months of the registration date, including the final exam. Once you have completed the Private Mortgages Course and final exam, you will need to apply for the level 2 mortgage agent licence with FSRA. Below is a list of the eligibility requirements for licensing:

  • Be 18 years of age or older.
  • Be a resident of Canada.
  • Have an Ontario mailing address that can receive registered mail (not a post office box).
  • Have a valid email address.
  • Be authorized by a mortgage brokerage to deal in mortgages.
  • Have already been licensed as a mortgage agent level 1 for at least 12 months over the last 24 months.
  • Have successfully completed an approved mortgage agent education program for a Mortgage Agent Level 1 licence. For more information, review the mortgage agent level 1 licence requirements.
  • Have successfully completed an approved education program for a Mortgage Agent Level 2 licence (Private Mortgage Course) within two years before you apply for the mortgage agent level 2 licence.•Be suitable for a licence.


For more detailed information on obtaining your level 2 mortgage agent licence, please visit the Financial Services Regulatory Authority of Ontario's (FSRA) licensing requirements page.


PLUS D'INFORMATION

COURSE POLICIES COURSE CONTENT FAQ

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

 

Below are the topics covered in the Private Mortgages Course.

  • Introduction to Private Mortgages
  • Private Mortgage Transaction Process
  • Working for the Borrower
  • Working for the Lender/Investor
  • Working for both the Borrower and Lender/Investor
  • Understanding Mortgage Administration
  • Detecting and Preventing Mortgage Fraud
  • Ethics and MBRCC Code of Conduct

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. What is the passing grade?
    70%

  2. What happens if I fail?
    Rewrites are free for scheduled exams at our MPC facilities. However, a fee of $100 would apply if booking an individual exam outside the GTA or $75 for 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.

  3. 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.

  4. Does the exam cost money?
    Online exam bookings cost $75 and the in-person exam fee is $100.

  5. How can I request a rewrite and how many rewrites do I get?
    You may register for a rewrite using the link in your results email notification. You can also 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.

  6. I don’t live in the GTA, can I write my exam in another city?
    Individual exam bookings outside the GTA are $100+HST. Email a written request to exams@mpc.ca to determine the test centre closest to you or visit our exam info page for more information.

  7. When do I get access to my online program?
    Online access is available immediately upon registration. Instructions are provided to students in their emailed registration receipt.

  8. 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.


Use for Footer Code

Professionnels hypothécaire du Canada

2005 avenue Sheppard Est, Bureau 401
Toronto, ON M2J 5B4

1-888-442-4625

1-888-759-2840

info@mpc.ca

Droits d'auteur © 2023 - Professionnels hypothécaires du Canada