Mortgage Broker Fundamentals Part 2: Conducting Business in a Way that Meets Regulatory Requirements

Title: Mortgage Broker Fundamentals Part 2: Conducting Business in
Location: Delivered in an interactive Zoom environment
Start date: 06 February, 2024
Cost:$279.00 for members or $329.00 for non-members

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About this course: 

The Mortgage Broker Fundamentals – Practical Applications Course is a class for new or aspiring brokers, and for persons who manage them. It provides practical knowledge and skills needed to function as a mortgage broker.

The course is split into two parts, the first part concerns practical matters a mortgage broker needs to know to operate in the field while the second addresses brokering practice requirements. The first part will make you a better and hopefully more successful broker. It will support what it takes for a broker to earn income. The second will protect you by better ensuring you are entitled to continue as a broker and to keep the income you earn. It will help keep you out of trouble with your clients, the regulator, and the courts.

The course is taught by a variety of senior brokers, experts, and others with considerable knowledge of the topics they address. It is better that a student learns from a variety of perspectives and hears a variety of knowledgeable voices.

Format: Interactive Online Class
Dates: Tuesdays and Thursdays from 9:00AM-1:00PM on February 6, 8, 13, 15
Enrollment fees: $279 +GST for members; $329 +GST for non-members.

Part 2 includes:

  • a review of Mortgage Brokers Act and Regulations requirements including:
    • registration and renewal
    • conflict of interest disclosure (Form 10)
    • investor/lender disclosure (Form 9)
    • record keeping
    • mortgage administration agreements
  • a review of BPCPA cost of credit disclosure requirements
  • an examination of errors and omissions insurance
  • an examination of the IRIS portal (BCFSA)
  • a discussion of standard of conduct requirements
    • Mortgage Brokers Act
    • avoiding becoming a fiduciary
    • ethics
    • confidentiality and privacy
    • cybersecurity
  • a review of Land Title Office requirements (reading a title and mortgage priorities)
  • a discussion as to identifying and avoiding fraud
  • an examination of marketing requirements and restrictions
  • suggestions as to building a marketing plan
  • a brief look at current live issues concerning the regulator, civil law, and criminal law

Thank You to Our Sponsor

Reviews from students who recently took this course:

Discovering the mortgage broker course was a game-changer; I only wished I had known about it earlier. Nonetheless, I firmly believe that this comprehensive course should be a mandatory requirement for all newcomers entering the industry. The unparalleled access to industry leaders and their insights was an exceptional experience that left me empowered and ready to tackle challenges. I know CMBABC will be an instrumental part of my future success. For that, I am forever grateful!
Gabriel Ibarra, BRX Mortgage Delta, BC

The speakers were extremely organized, open to questions, and very helpfulI will definitely be interested in participating in future courses & webinars. Well worth the cost to attend.

Past Student

It was great being able to connect with the various speakers. It was great to have actual brokers come in and speak.

Past Student

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