Mortgage Agent Level 2

The FSRA-approved Private Mortgages Course.  Upgrade your licence and place private and alternative deals, from $298.

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Finish in a Week
Self-paced online, or a 5-day live class.
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Two out of Three
Two out of three licensed mortgage agents in Ontario trained with REMIC
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FSRA Approved
Licensed by the Mortgage Regulator
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94% Pass Rate
94% pass their licensing exams!
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2026 Mortgage Agent Level 2: Options

ONLINE

Study around your deals. No time off work.
Finish in as little as one week, or take up to a year.

  • Self-paced online study
  • Direct message with instructor
  • Online exam prep
  • Printed textbook +$60
  • + All online resources
Start today
Instant access on enrolment
Any time
Study at your own pace
1 year
No scheduled classes
Self-paced

$298 CAD

See Online Course Details

Live Webcast

2 Saturdays, or one week. Your choice.
Live, instructor-led, fully online.

  • Live, scheduled webinar class
  • Live interaction with your instructor
  • Live online exam prep session
  • Printed textbook +$60
  • + All online resources

$348 CAD

See All Dates and Enroll

What you’ll learn: Based on the textbook Private Mortgage Brokering in Ontario by REMIC founder Joseph White, this course features 14 chapters covering every critical aspect of the mortgage process.

click here to view the full table of contents.

Course Summary:

  • Course Length: 47 hours (estimated)
  • Course Delivery: Online self study or Live Webcast
  • Final Examination: 3 hours (in-person or online proctored)
  • Enrolment Period: 1 year (finish in as little as one week)

Choose the Course Format That Fits Your Lifestyle

Online Course

The Online Course is perfect for self-motivated learners who need maximum flexibility. Study when and where it suits you best.

  • Choose between a hard copy or digital PDF textbook
  • Includes instant online access with quizzes, assignments, video tutorials
  • Exam preparation guide and practice exam included
  • Support from a dedicated online instructor

Live Webcast Course

Prefer live instruction without leaving home? The Live Webcast Course brings the classroom to you—interactive and real-time.

  • Classes run from 10 AM – 4 PM, fully online
  • Interact with instructors and get immediate answers
  • Access exam prep tools and practice exams online
  • 18+ years of age
  • Resident of Canada
  • Ontario mailing address (no P.O. box)
  • Authorized and working with a single Mortgage Brokerage
  • Meet education requirements
  • Valid email address
  • Have already been licensed as a mortgage agent level 1 for at least 12 months over the last 24 months.
  • Complete an approved mortgage agent education program for a Mortgage Agent Level 1 licence. For more information, review the mortgage agent level 1 licence requirements.
  • Complete an approved education program for a Mortgage Agent Level 2 licence (Private Mortgage Course) within two years before you apply for the mortgage agent level 2 licence.

⏳Course Length: 47 hours (estimated)
📝Final Examination: 3 hours (Online using our Online Proctored Exam partner)
🌍Language: English
💻Course Delivery: Online
📆Enrolment Period: 1 year (finish in as little as one week)

Course content:
Chapter 1: INTRODUCTION TO PRIVATE MORTGAGES Chapter 8: INVESTOR/LENDER DISCLOSURE & COMMITMENT
Chapter 2: ROLE OF THE BROKERAGE Chapter 9: EXIT STRATEGIES
Chapter 3: ROLE OF THE REGULATORS Chapter 10: BORROWER DISCLOSURE
Chapter 4: LENDERS Chapter 11: CLOSING THE TRANSACTION
Chapter 5: TRANSACTION PROCESS Chapter 12: MORTGAGE ADMINISTRATION
Chapter 6: UNDERWRITING THE APPLICATION Chapter 13: FRAUD DETECTION AND PREVENTION
Chapter 7: SECURITY Chapter 14: ETHICS

The Level 2 (PMC) Final Exam can be completed through our Online Proctoring Service any time before your course expiration date, although we recommend booking the exam at least 7 days before that date. We provide you with all of the material you need to prepare for the exam, including an exam preparation quiz that based on previous exams. Once your exam is completed, the review process takes up to 3 days. If you pass the exam, you’ll then get access to your certificate!

  • Format: Online Proctored or In-Person (Toronto)
  • Length: 3 hours
  • Type: Multiple Choice (case study-based questions included)
  • Attempts: 2 (1st free, 2nd paid)/li>
  • Passing Grade: 70% (35/50)
  • Certificate: Issued within 1 business day post-exam

Why Financial Professionals Choose REMIC For Their Career

4.9
Jonas Nyaye
3 days ago
Top training partner for mortgage agent certification courses.
Shallu Chopra
6 days ago
Excellent experience! The platform is very user-friendly, easy to understand, and simple to navigate. What truly sets them apart is the personal touch. In a world where everything is becoming automated, it's refreshing to have real people who actually answer the phone, listen to your questions, and provide helpful guidance. A great combination of technology and genuine customer service. Highly recommended!
Divjot
2 weeks ago
i had great experience with REMIC. I would definitely recommend it to anyone preparing for their life insurance licensing exams.
Ben Therrien
2 weeks ago
Best learning experience with mix of text, video, Open ended questions and multiple questions for each module. I've obtained over 10 designations in my lifetime, and many licenses. This was top on the learning environment to obtain license.
Sreedhara Murthy Badaganadu Narasimhamoorthy
1 month ago
Most valuable and required information is made available.
Matthew Bermudez
1 month ago
Knowledgeable instructors that have skin in the game, they gave real insight in potential outcomes and help grasp the concepts of mortgage.

Popular FAQs

Right now you can only place deals with banks and CMHC-approved lenders. Level 2 lets you place private and alternative deals, which is where the clients the banks turn down actually get financed.
In addition to financial institutions that are CMHC approved lenders under the National Housing Act, the level 2 licence authorizes licensees to deal and trade in mortgages with all mortgage lenders, including mortgage investment companies, syndicates, private individuals, agents, brokers, and brokerages.

The course is valid for licensing for 2 years from the date of completion.

There is no technical prerequisite to take this course, however, this course is typically completed by existing mortgage agents, level 1 who want to upgrade their licence to an agent, level 2.

The licensing and experience requirements below are effective as of April 1, 2023.
Mortgage Agent Level 1
  • Experience: No experience required.
  • Education: Successfully complete an approved mortgage agent course for licensing in Ontario, such as REMIC’s RMAC.
  • Licensing: Apply for a mortgage agent level 1 licence within two years of successfully completing an approved course.
Mortgage Agent Level 2
  • Experience: Applicants must have at least 12 months of experience over the last 24 months as a mortgage agent level 1.
  • Education: Successfully complete REMIC’s Private Mortgages Course (PMC).
  • Licensing: Apply for a mortgage agent level 2 licence within two years of successfully completing the course.
Mortgage Broker
  • Experience: Applicants must have at least 24 months experience over the last 36 months as a mortgage agent level 2.
  • Education: Successfully complete an approved mortgage broker course for licensing in Ontario.
  • Licensing: Apply for a mortgage broker licence within three years of successfully completing an approved education program.