Mortgage Agent | MORT 201

This course has been accredited by the Financial Services Regulatory Authority of Ontario (FSRA) to facilitate knowledge transfer and meet the educational requirements for licensing as a Mortgage Agent 1 - Level 1. The course follows the Mortgage Education and Accreditation Standards. The course provides those wishing to become licensed as a Mortgage Agent - Level 1 in Ontario with the knowledge and understanding of the mortgage brokerage industry and an ability to perform the Agent's role in the mortgage application process. Once completed, this program prepares Level 1 Agents to be able to deal and trade in mortgages with lenders that are financial institutions or approved under the National Housing Act.

In this course the learner engages with legislation governing the mortgage industry. They learn about the role of the Agent in consumer protection and ethical decision-making.

Learners who successfully complete the MORT 201 Mortgage Agent – Level 1 are required to be employed by a Mortgage Brokerage to become licensed as a Mortgage Agent – Level 1. The Mortgage Brokerage who employs the graduate is required to apply to FSRA on their behalf to obtain a Mortgage Agent 1 License.

https://www.fsrao.ca/industry/mortgage-brokering/new-licensing-requirements-transition-information-and-resources#magent.

By the end of this course, learners are able to:  

1. Explain the mortgage agent framework.
2. Discuss the laws which relate to a mortgage agent for compliance.
3. Demonstrate management capabilities necessary for an effective mortgage agent relationship.
4. Execute mortgage transactions.
5. Identify methods to detect and prevent mortgage fraud.
6. Discuss how the role of the mortgage agent relative to the overall management of an individual mortgage brokerage
7. Employ acts of ethical and responsible behaviours.  

Course Delivery 

In this course learners attend instructor-led live sessions, complete independent course work, assignments, and a final exam. Each week comprises asynchronous and synchronous sessions and/or activities. Learners spend time each week on self-directed and/or facilitated work which is detailed on the critical path. Learners are encouraged to download and keep a copy of the critical path document for planning purposes. Emphasis is placed on the learner attending every instructor-led live session.

Language of Instruction

The Mortgage Agent – Level 1 course and support services are delivered in English. Learners should possess strong English writing, reading and speaking skills to be successful in the course.

Becoming a licensed Mortgage Agent – Level 1

Admission Requirements:

There are no admission requirements for this course. Learners can register and pay for the course using the link provided below on this page. Strong English skills are required for success in this course. 

Learning Management System:

Once registered, learners will use the same student number (n-number) to log in to their course at this website:  https://learn.humber.ca/ultra/institution-page  

Using your Humber login credentials, sign-in using the format username@humber.ca and your existing password (note: this will be the same username and password as the CPL Learner Portal and MyHumber.ca with the addition of @humber.ca). 

Example: If your username is abc0043, then the username will be abc0043@humber.ca 

If your username is n00034567, then the username will be n00034567@humber.ca 

Problems registering? Contact 416-675-6622 Ext. 4685 

Required course materials: 

MORT 201: Mortgage Agent, White, Joseph J., Mortgage Brokering in Ontario – Agent Edition, 15th Edition, Real Estate and Mortgage Institute of Canada. ISBN #978-1-988049-06-9  HP10B II Hewlett-Packard calculator.  

Link to Humber's Bookstore

It is recommended all learners read the textbook prior to the first day of class.