Ontario - Get Mortgage Broker License

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Procedure

Apply Online

1. To apply for a Mortgage Broker License, the applicant can approach the Financial Services Regulatory Authority of Ontario. Here is the contact Link
2. The applicant will need to complete an FSRA-approved course, find information here Link
3. To apply, click on the following Link
4. The applicant’s principal broker will send them a registration link, click on the link to obtain a mortgage broker license.
5. The applicant will need to fill out an application form with all the relevant details.
6. The applicant may need to submit additional documents as mentioned under the “Required Documents” section of this page.
7. The applicant can find fee-related information under the “Fees” section of this page.
8. The application will need to be reviewed by the principal broker before submission.
9. Once submitted, it will be forwarded to the relevant authorities. Once approved, the applicant shall receive their license.

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Required Documents

• Photo ID
• Course completion certificate

Office Locations & Contacts

Address: 25 Sheppard Avenue West, Suite 100
Toronto, ON
M2N 6S6
Telephone: 416-250-7250
Toll free: 1-800-668-0128
Email: [email protected]
Mailing address:
25 Sheppard Avenue West, Suite 100
Toronto, ON
M2N 6S6
Contact Link

Eligibility

• The applicant must be 18 years of age or older.
• The applicant must be a resident of Canada.
• The applicant must have been licensed as a mortgage agent 24 months during the 36-month period prior to the applicant’s mortgage broker application.
• The applicant must have an Ontario mailing address.
• The applicant must complete the approved mortgage broker education program within three years before applying for the mortgage broker licence.
• Find information here Link

Fees

• The applicant does not need to pay any fees.

Validity

• The validity will be specified by the authorities.

Documents to Use

Please attach documents that can be used by other people. e.g. Links.

Sample Documents

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Processing Time

• It takes a few weeks to process the application.

Related Videos

Videos explaining the procedure or to fill the applications.
Attach videos using the following tag <&video type='website'>video ID|width|height<&/video&> from external websites.
Please remove the '&' inside the tags during implementation.
Website = allocine, blip, dailymotion, facebook, gametrailers, googlevideo, html5, metacafe, myspace, revver,
sevenload, viddler, vimeo, youku, youtube
width = 560, height = 340, Video ID = Can be obtained from the URL of webpage where the video is displayed.
e.g In the following url 'http://www.youtube.com/watch?v=Y0US7oR_t3M' Video ID is 'Y0US7oR_t3M'.

Instructions

Please provide other instructions related to the certificate/documents.
e.g. The state office holds birth records since January 1908.

Required Information

A list which displays the kind of information which is required to complete the procedure.
e.g.
1. Date of Birth.
2. City or Country of Birth.

Need for the Document

• A mortgage broker arranges mortgages for a brokerage company, a person is legally required to obtain a license before practising. This document proves that the applicant is licensed.

Information which might help

• Information Link

Other uses of the Document/Certificate

Please explain what are other uses of obtaining this document/certificate.
e.g. Birth Certificate can be used as proof of identity.

External Links

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Others

More information which might help people.