Expertise You Can Trust
Members of the Mortgage Brokers Association of British Columbia must adhere to a very strict Code of Ethics and observe all Bylaws of the Association in order to remain a member in good standing. Prospective members are screened by our Board of Directors to ensure they meet the Association’s ethical and professional standards.
Every British Columbia mortgage broker is required to obtain a license from the Financial Institutions Commission of BC before offering their services to the public. In fact, it is an offence to carry on the business of a mortgage broker in British Columbia without proper registration and licensing.
Educational Standards for BC Mortgage Brokers
To become a registered mortgage broker in British Columbia, candidates must meet certain educational requirements. The prescribed course is offered through the Real Estate Division of the Sauder School of Business at the University of British Columbia. That program is widely-regarded as one of the best in Canada.
Graduates of the mortgage brokers course must then find an employer/sponsor and register with the Financial Institutions Commission (also known as FICOM) which is the government body that regulates mortgage brokers in British Columbia.
The Mortgage Brokers Association of British Columbia also offers a two-day Applied Information Course which provides new, or soon-to-be licensed mortgage brokers with further information on the process of seeking and obtaining mortgage financing.
Mortgage Fraud Brochure
The Mortgage Brokers Association of British Columbia recently co-authored (with our federal and provincial counterparts) a brochure on Mortgage Fraud. To download a free copy of that brochure, please click here.