Welcome to REMIC’s mortgage and life insurance education blog; your source for licensing tips, industry updates, and professional training insights
A recent Financial Services Tribunal decision found an experienced broker unsuitable to be licensed over mortgages built on false documents, and FSRA went on to refuse his licence renewal. For the broker, the lesson is personal, and we covered it in a companion piece....
18 False-Document Applications and $95,000 in Penalties: Why "I Didn't Know" Was Not Enough An Ontario mortgage broker submitted 18 mortgage applications containing false or fabricated supporting documents. The Financial Services Tribunal accepted that he may not have...
Among Canadians aged 18 to 29, more used AI tools like ChatGPT for financial or mortgage advice in the past year (26%) than used a licensed mortgage broker (17%), a new REMIC and Abacus Data survey finds, as Canada's peak mortgage renewal year unfolds TORONTO, July...
Who Is Liable When the Guardrails Come Down? A $155,000 FSRA Case With No Fraud in It Our last enforcement piece looked at a case where agents were used to facilitate a mortgage fraud scheme. The lesson there was that dealing outside your brokerage strips away the...
FSRA recently published a Notice of Proposal that belongs on the required reading list for every mortgage agent in Ontario. Not because of the dollar figure, though $740,000 in proposed penalties gets attention. Because of the standard it applies. Two of the three...
Licensed mortgage and insurance professionals convert more clients with niche content than broad appeal. Here’s why specificity outperforms reach.
Canadian mortgage and insurance professionals need to understand fair dealing, not fair use, when sharing music, images, and news clips on social media.
You've heard about "know your client." But do you know your lender? By the end of this post, you will know why FSRA expects Ontario mortgage brokerages to verify a private lender's source of funds, what the law actually requires, and what happens to a deal, and a...
FSRA approval is the minimum requirement for Ontario mortgage agent courses. Learn what else to evaluate before you enrol.
Learn the exact FSRA requirements that separate an Ontario mortgage agent licence from a mortgage broker licence, including experience, education, and scope of practice.
Licensed Canadian mortgage and insurance agents risk their licence by posting product comparisons on social media without required disclosures. Here is how to fix it.
Follower count is a vanity metric. Licensed mortgage and insurance professionals should track referral velocity to measure whether content produces real business.