Students who successfully completed Mortgage Broker Part 1 MBP100 prior to September 2012 will have an opportunity to complete Mortgage Broker Part 2 – MBP200 October 22 – 26, 2012.
Those who successfully complete this subject will have met the educational requirements for licensing by the regulator, the Financial Services Commission of Ontario (FSCO) as a Mortgage Agent in Ontario. All of the competencies (Mortgage Agent Qualifying Standards), or “MAQs” identified as critical by the regulator have been addressed in this offering.
The following information was taken from the FSCO website:
A Mortgage Agent is an individual who carries out mortgage activities for a mortgage brokerage under the supervision of a licensed Mortgage Broker.
In order to be a licensed Mortgage Agent, you must:
*The Mortgage Brokerage must apply to FSCO for your mortgage agent license.
For complete requirements for registration as a licensed Mortgage Agent- please visit the Financial Services Commission of Ontario (FSCO) website at: