Private Mortgages Course

The CMBA Accredited Private Mortgages Course provides active mortgage agents in Ontario with the knowledge and skills they need to effectively transact with Private Lenders.

Read All About New Licensing and Education Requirements Here

This is a mandatory course for all agents looking to obtain their Mortgage Agent Level 2 licence.

This course is accredited by the Financial Services Regulatory Authority of Ontario (FSRA), and adheres to the Mortgage Broker Regulators Council of Canada (MBRCC) accreditation standards.

You must successfully pass the final examination online to complete the course. The examination consists of 50 questions and a score of at least 70% is required. Results will be provided within 7 business days after the completion of the final examination. 

Register For The Private Mortgage Course Below:
Courses Will Run 9am – 4pm each day

Learning Outcomes

The course is designed to align with FSRA’s learning outcomes:

  1. Education/competency requirements that better align with activities in the mortgage market
  2. Enhanced consumer protection as borrowers and lenders / investors receive appropriate levels of information and recommendations to make informed decisions relevant to their mortgages / mortgage investments
  3. Enhanced confidence in the mortgage brokering industry as licensees are prepared for their career in the mortgage brokering sector
    Live Virtual Setting

    Experience the in-class setting from the comfort of your own home or office. Instructed by experienced mortgage industry professionals, and includes lectures, class discussions, group problem solving and case studies. Virtual class is offered in 2 formats to accommodate various work and family schedules. Take the week-long course (Mon-Fri) or the weekend course (2 consecutive weekends, Sat and Sun). Classes run from 9:00AM to 4:00PM each day

    Cost for Virtual Course:
    Member: $299 (HST exempt)
    Non-Member: $349 (HST exempt)

    Members must use a coupon when paying for the Challenge Exam to activate the reduced cost. The coupon can be found once you login to the members portal Here

    Students will be given 2 breaks and 1 lunch break each day. The instructor will go through all the chapters during class, including PowerPoint presentations and quizzes that will be done as a class and on your own time. Attendance is mandatory, to successfully fulfil FSRA’s requirements for the Mortgage Agent Level 2 Certification. The instructor will also provide their contact information if the students have any questions while studying at home.

    Students must complete the online exam after the last class. A rescheduling fee will be applicable for students who need to reschedule the exam.

    An electronic textbook will be emailed to students prior to the first class. A paper textbook can be ordered for a fee.

    The course content and exam are the same for both the virtual and online formats. Everything covered in the assigned chapters and by the instructor constitutes part of the subject content and is eligible for inclusion on the final examination.   

    It is ESSENTIAL that students read the assigned material before class and make careful notes on the reading material as well as in-class lectures and discussion.

    NOTE: In order for a course to proceed, a minimum number of participants must be met. If the minimum number of registrants for the course dates you have chosen is not met, you can switch into an alternate date we are offering or into our online course.

    In-Class Course

    The in-class course is hosted at CMBA Ontario’s head office at 40 Winges Road, Unit 7, Woodbridge, Ontario, L4L 6B2. It is instructed by an experienced mortgage industry professional, and includes lectures, class discussions, group problem solving and case studies.

    Cost for In-Class Course:
    Member: $299 (HST exempt)
    Non-Member: $349 (HST exempt)

    Members must use a coupon when paying for the Challenge Exam to activate the reduced cost. The coupon can be found once you login to the members portal Here

    It’s offered in 2 formats to accommodate various work and family schedules. Take the weeklong course (Mon-Fri) or the weekend course (2 consecutive weekends, Sat and Sun). Classes run from 9:00AM to 4:00PM each day

    The course content and exam are the same for both the in-class and online formats. Everything covered in the assigned chapters and by the instructor constitutes part of the subject content and is eligible for inclusion on the final examination.

    Students must complete the online exam after the last class. A rescheduling fee will be applicable for students who need to reschedule the exam.

    An electronic textbook will be emailed to students prior to the first class. A paper textbook can be ordered for a fee.

    It is ESSENTIAL that students read assigned material before class and make careful notes on the reading material as well as in-class lectures and discussion.

    Your safety is important:

    • Each session date is followed by a complete cleaning of the classroom.
    • There are numerous sanitation stations.
    • Measures for social exclusion are in place.

    NOTE: In order for a course to proceed, a minimum number of participants must be met. If the minimum number of registrants for the course dates you have chosen is not met, you can switch into an alternate date we are offering or into our online course.

    Online/Self-Study

    Take the course on your own time! Students can take up to 6 months from the date of registration to complete the online course and examination.

    Students who are unable to complete the online course within the 6-month period, may request a 2-month extension for a nominal fee of $75 plus HST. Students will be allowed to purchase a maximum of two, 2-month extensions, for a total of 4 months that can be taken consecutively or staggered but must be completed along with final exam within a year of initial registration.  If the course, extension(s) and exam cannot be completed

    after 2 course extensions, you will be required to re-register for the course again at full cost.

    Cost for Online Course:
    Member: $299 (HST exempt)
    Non-Member: $349 (HST exempt)

    Members must use a coupon when paying for the Challenge Exam to activate the reduced cost. The coupon can be found once you login to the members portal Here

    Only once you have completed your review of the course content, you can access the final examination, which is proctored online.

    Refund policy

    Virtual or In-Class:

    • Students who wish to cancel the course after purchase will receive a refund minus a 25% administration fee.
    • There is no charge for re-scheduling.
    • Refunds will not be available past the start date of the class.

    Online/Self-Study:

    • No refund shall be given beyond 5 days of registration or if the first module has been opened.
    • If within 5 days and no modules have been opened, a refund will be given minus 25% administration fee.

    CMBA Education Policies

    Code of Conduct

    Everyone taking a course at CMBA must adhere to the Learner’s Code of Conduct. You will need to attest that you adhere to the code.

      Privacy Policy

      We are committed to protecting the privacy of the personal information on CMBA’s members and students enrolled in CMBA’s courses.

      Review our privacy policy for more information.

        Accommodation Policy

        CMBA is happy to make accommodations within reason for Learners with a valid accessibility need.

        It is expected that at a minimum, all Learners who are registering for a CMBA course is able to successfully operate as a Mortgage Agent or Broker with these basic skills: fluency in English, comfortable with computers, able to navigate web browsers, and comfortable completing online forms/questionnaires.

        Please contact CMBA at office@cmbaontario.ca to inquire about your specific accessibility accommodation.

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