Live-Virtual CMBA Ontario Mortgage Underwriting Course for New Agents

For Level 1 Agents with less than 3 years of experience






CMBA Ontario Mortgage Underwriting Course for New Agents

Following feedback from our members, CMBA Ontario is pleased to offer the Mortgage Underwriting Course for New Agents. This is recommended for Agents with less than 3 years of experience in the industry.

Once completed, you will be able to analyze mortgage applications in full and put together quality applications for submission to all types of lenders.

This course is NOT approved by FSRA.

Contact CMBA Ontario at if you wish to organize a dedicated session for your brokerage.

Important Information


o Members: $299 +HST
o Non-Members: $399 +HST

• Withdrawals/Refunds: CMBA Ontario will accept withdrawals for the course prior to the
beginning date of the course only, with a 25% administration fee. Refunds are not available
after the start date of the class.

  • 3 days
  • 5 hours per day
  • Facilitated by an experienced and licensed Agent/Broker
  • Virtual Classroom only
  • Course completion: A multiple choice review quiz with a certificate of completion if a minimum score of 60% is achieved.
  1. Know how to navigate through the different types of lenders available in the mortgage brokerage industry, their risk tolerances and their lending guidelines
  2. Analyze all risks associated with a mortgage transaction, including the borrower, lender, property, and loan details
  3. Assess suitable mortgage transaction options for both the borrower and the lender
  4. Evaluate potential mitigating factors to reduce risks assessed in a mortgage transaction
  5. Explain how terms and conditions of a mortgage transaction can impact the borrower and lender

    Day 1: Theory & Knowledge to enable you to underwrite an application from beginning to end

    Day 1 Topics include: Know your lender, underwriting risk, qualifying the borrower, lender suitability

    Day 2: Case Studies to put you into real life scenarios and challenge you to find solutions with different levels of underwriting risks

    Day 2 Topics include: refinance transactions, purchase transactions, type B properties, taxes in arrears, self-employed borrowers, choosing between prime/alternative/private lenders

    Day 3: Financial Statements and Case Study to work with a self-employed borrower and go through the steps to understand the business financials to put together possible mortgage options

    Day 3 Topics include: different types of financial statements, review of financial statements, common financial ratios, self-employed borrowers

    Course completion: A multiple choice review quiz must be completed by all learners. A certificate of completion will be issued if a minimum score of 60% is achieved.


    The Code of Conduct outlines the minimum required behaviours expected from CMBA Ontario Learners.

    This document is to be used by all Learners that are attending any education course hosted by CMBA Ontario. There are no exceptions.

    Any breaches to the Code of Conduct must be reported to the CMBA Ontario Executive Director immediately.

    Click HERE to Read the Full Student Code of Conduct

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