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Mortgage brokers and submortgage brokers are registered for two years, and registration must be renewed for additional two year periods at least 30 days prior to registration expiry. Every submortgage or individual mortgage broker who operates as a sole proprietor or partner must satisfy renewal of registration education requirements prior to renewing or reinstating registration.
- Becoming a New Mortgage Broker
Before applying to BCFSA for registration as a new mortgage...
- Becoming a New Mortgage Broker
Before applying to BCFSA for registration as a new mortgage broker in B.C., review this information to make sure you have met all the requirements. Under the Mortgage Brokers Act (“the Act”), companies, partnerships, and sole proprietors need to be registered as mortgage brokers to engage in mortgage broker activity.
Mortgage broker branch office applications will be approved with the following condition: “Must submit IRIS Portal sub-mortgage broker application within 30 days”. You will receive an email from the Registrar’s office confirming the registration of the branch office and the requirement to register a sub-mortgage broker.
- About The Licence
- Requirements For Getting A Licence
- Ready to Apply For A licence?
A mortgage broker is a professional who deals or trades in mortgages for a licensed mortgage brokerage. They may also be responsible for supervising the activities of one or more mortgage agents (levels 1 and 2). All individuals acting as mortgage brokers must have a licence from FSRA. Mortgage brokers may work with the following lenders: 1. Financ...
If you wish to become a licensed mortgage broker in Ontario, you must: 1. Be 18 years of age or older. 2. Be a resident of Canada. 3. Have an Ontario mailing address that can receive registered mail (not a post office box). 4. Have a valid email address. 5. Be authorized by a mortgage brokerage to deal in mortgages. 6. Complete an approved mortgage...
If you have met all the requirements for becoming a licensed mortgage broker, the Principal Broker of your brokerage then initiates your licence application through Licensing Link. To successfully complete your licence application, you must: 1. The Principal Broker of your brokerage will initiate your licence application through Licensing Link. The...
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Once the mortgage brokerage licence has been approved, an email will be sent to the Principal Broker to provide the brokerage’s licence number. No paper licence will be issued. At this point, the brokerage may prepare and submit applications to license its other brokers and agents through FSRA's online licensing system.
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Mortgage Broker / Agent Registration ... We appreciate you taking the time to fill out our broker/agent registration form. Once your form has been submitted ...
