So, you’ve passed the exam and officially got your mortgage license in Ontario. Congratulations! But now what? Here’s a simple breakdown of what to expect next.
After you get your mortgage license in Ontario, the first thing you need to do is find a brokerage to work with. As a new mortgage broker, you can’t work independently right away. You’ll need to join an established brokerage. This is where you’ll get support, guidance, and resources to grow your career.
Once you’re with a brokerage, it’s time to start finding clients. This can be exciting! You'll help people secure loans to buy homes, refinance, or get better rates. Building trust with your clients is key to growing your business. The more clients you help, the more successful you’ll be.
The mortgage industry is always changing. Even after you get your mortgage license in Ontario, you must keep learning. You’ll need to complete continuing education courses to stay current on new laws, regulations, and market trends. This helps you stay competitive and knowledgeable.
Being a licensed mortgage broker means you have responsibilities. You’ll need to renew your license periodically and keep up with any new regulations. You’ll also need to follow the rules set by the Financial Services Regulatory Authority of Ontario (FSRA).
As you gain experience, you’ll have more opportunities to advance. You could move up within your brokerage, take on bigger clients, or even start your own mortgage business. The possibilities are endless!We hope you learn how to get a mortgage license in Ontario, start by completing an approved course, passing the exam, and finding a licensed brokerage to work with. It's that simple. Ready to start your career? Join us today!