a career as a mortgage broker in ontario

How to Become a Mortgage Broker.

To become a licensed mortgage broker in Ontario you must first pass the mortgage agent course, be hired by a brokerage and be a licensed mortgage agent for at least two years. You must then complete the mortgage broker course. Once done you can apply to the regulator, FSCO, to change your license from that of an agent to a broker.

What's the difference between a broker and an agent?

A licensed mortgage agent in Ontario can broker a mortgage transaction, as can a licensed broker. The main difference between the two licenses is that a broker can supervise a team of mortgage agents, while an agent cannot supervise other agents. In addition, a licensed mortgage broker can hold the title of Principal Broker, which is basically the chief compliance officer of a licensed mortgage brokerage.

The whole process begins with the mortgage agent course. If you're considering a career as a mortgage broker we urge you to contact us for more details: Become a licensed mortgage agent through REMIC, or visit us in person at our training centre at 2175 Sheppard Avenue East, Suite 213 or call us at 1-877-44-REMIC (73642)

We look forward to assisting you in starting a rewarding new career!

Joe White

Joseph J. White has been involved in the mortgage industry over the past 21 years. He has held several positions, including that of Mortgage Agent when he first entered the industry, sales manager with two national mortgage brokerages, National Sales Manager and VP of Sales with two national mortgage lenders as well as partner at a successful mortgage brokerage. Mr. White has developed the current Ontario mortgage agent and mortgage broker programs that are delivered through over 20 colleges, and for over 12 years was part-time program coordinator of the mortgage broker program at Seneca College. He has instructed over eight thousand students and in 2003 won the Excellence Award for teaching and leadership excellence. His current textbooks are used in the Ontario Mortgage Agent and Mortgage Broker licensing courses. Currently the Principal Broker of a commercial mortgage brokerage/lender and a staunch supporter of the brokerage industry, Mr. White founded the Real Estate and Mortgage Institute of Canada Inc. (REMIC) in 2008.