Mortgage Broker

Mortgage Brokerage Qualification Program (MBQP)

Purchase your program

English program.

To offer greater flexibility and better support to our students, we provide several training pathway structures. Progress according to your availability and benefit from our team’s expertise.

Questions? Contact us today at : info@collegepf.ca

Self-paced learning

The fee is $1,550.00, including manuals in PDF format, self-paced learning modules, quizzes, and the registration fee with the AMF.
Duration : 6 months – Extension possible.
Payment in two installments available.

Who is this program for?

This pathway is ideal for autonomous candidates seeking flexibility. It is particularly suited to those who possess personal discipline and wish to balance their studies with their professional or personal commitments, while progressing at their own pace.

Upgrading for Quebec Mortgage Brokers

The Ethics and Professional Practices (E116) training is mandatory for a Quebec representative wishing to reinstate their certificate, and advisors from other provinces should also complete this training.

The fee is $875.00, including the manual in PDF format, self-paced learning modules, quizzes, and the learner registration fee with the AMF.
Duration : 3 months – Extension possible

Program information

English program.

To become a mortgage broker in Quebec, you must complete the two mandatory training courses of the Mortgage Brokerage Qualification Program (MBQP), and passing the exams at the College des professions financières is a prerequisite for being admitted to the Autorité des marchés financiers (AMF) exams.

Description

This program, offered 100% online, fully in English, certifies that the individual has successfully completed the Mortgage Brokerage Qualification Program (MBQP) training. It is a short-duration program (120 hours) enabling learners to acquire the skills regulated by the Autorité des marchés financiers (AMF) in order to obtain the professional practice license as a mortgage broker.

The profession

The mortgage broker acts as an intermediary between a client wishing to acquire a property and mortgage lenders (financial institutions). The mortgage broker analyzes the client’s financial situation and needs in order to help them find the mortgage loan best suited to their expectations.
Source : Autorité des marchés financiers

Skills

Upon completion of the training, the participant will have developed two sets of essential skills for the mortgage brokerage profession, namely :

1. Establish an ethical professional practice in compliance with the rules governing mortgage brokerage;
2. Execute a mortgage brokerage transaction tailored to the client’s situation and needs.

The advantages of our program

You validate your progress using self-paced learning modules available 24/7;
Over forty quizzes allow you to deepen your understanding of the material;
When you are ready, you register for the College exams: Ethics and Professional Practices and Mortgage Brokerage;
You can ask your questions by email to the program director;
Once the program is successfully completed, we report your success to the AMF. You will then be summoned to the AMF exams. These are the ones that will lead to the issuance of your mortgage broker license.

Program pathway

To successfully complete the program, you must complete two mandatory training courses as well as pass each of the Collège des professions financières exams.

Once the training is successfully completed, you will need to register for the Autorité des marchés financiers (AMF) qualification exams, which are based on the same training manuals. Passing these exams is essential to obtain your mortgage broker license.

After completing these steps, you will be able to begin a twelve-week probationary period, supervised by a supervisor within a mortgage brokerage firm. Following this internship, you will be able to apply for your mortgage broker certificate from the AMF to officially practice the profession.

Course descriptions

Course : Ethics and professional practice (E-116)

This component focuses exclusively on the legislative framework (notably the Civil Code) and the regulations applicable to mortgage brokerage, including ethical rules. It allows you to integrate legal concepts and the AMF’s regulatory framework into your professional practice.

Course : Mortgage brokerage (E-611)

This component addresses mortgage credit, types of mortgages, financial ratios defining clients’ borrowing capacity, as well as the methods for assessing their needs in your role as an advisor.

Admission requirements

Be 18 years of age or older at the time of registration;
Hold Canadian citizenship or possess a work permit.

Completion requirements

To complete the program, you must:

Have studied all the training manuals;
Have completed all formative exercises;
Have passed both supervised exams;
Have obtained a passing grade above 60% on each of the College exams.