Mortgage Broker Fundamentals: Brokering Practice Requirements

Title: Mortgage Broker Fundamentals - June
Location: Delivered in an Interactive Zoom Environment
Start date: 06 June, 2023
Cost:$299.00 for members or $299.00 for non-members

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About this course: 

The “Mortgage Broker Fundamentals Course – Brokering Practice Requirements” is an opportunity for new or aspiring brokers to learn practical knowledge and skills from experienced industry experts.

Yes, some brokerages will provide some services in assisting the brokerage to remain compliant with Mortgage Brokers Act regulatory requirements. This course goes much further – it is designed from the perspective of and to assist the individual mortgage broker.

Learn to be a successful broker, in a way that reduces the likelihood of you running into regulatory problems or facing civil lawsuits.

 Our speakers, Geoff Parkin, Camilo Rodriguez, John Woods, Jodi Kristian, and Ray Basi, will provide you with insight into the industry and help make you a better broker.

Format: Interactive Online Class
Dates: Tuesdays and Thursdays from 9:00AM-1:00PM on June 6, 8, 13, & 15
Enrollment fees: $299 +GST

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

Geoff Parkin

Currently a mortgage broker with Select Mortgage, Geoff Parkin has both CPA and Chartered Financial Analyst designations. Prior to his time with Select Mortgage, he held positions at Pacific Coast Savings Credit Union in Victoria and most recently at Coast Capital Savings Credit Union as VP Subsidiary Operations which included real estate, mortgage broker operations, and real estate appraisal.

Camilo Rodriguez

Camilo Rodriguez is the CEO of MortgagesLabs, an organization he started with his wife Ana back in 2010. The business has grown over the years, and they now have a strong team of advisors on their side. Camilo is a past president of CMBA-BC.

Ray Basi

Ray Basi has been the CMBA-BC and MBIBC Director of Education and Policy for the past 10 years. Prior to that he was the Information and Privacy Director/Officer for several BC government ministries (including for BCFSA’s predecessor FICOM). He practiced law for 16 years. He frequently writes and speaks on topics concerning regulatory and legal issues impacting mortgage brokers (including registration renewal courses, continuing mortgage broker education courses, bulletins, and articles in the Canadian Mortgage Broker magazine).

John Woods

John Woods began his mortgage broker career in 2001 working for Essex & Kent after having spent 10 years as a realtor, the last few with Remax of Nanaimo. Fitzwilliam Mortgage had its roots when he partnered with John Salem of The Mortgage Centre, Essex & Kent to open the first Mortgage Centre office in downtown Nanaimo. In 2006 Fitzwilliam Mortgage was born as a separate franchise The Mortgage Centre, Fitzwilliam Mortgage.

John has been a member of MBABC since the beginning of his brokering career in 2001 and in 2019 was awarded the Individual Partner Award at the 2019 Association Conference.

Questions? Please contact Ray Basi at raybasi@mbibc.ca.

Interested in sponsorship opportunities? Please contact Victoria Tennant at events@cmbabc.ca.