Become a Broker

Curious about a career as a Mortgage Broker?

The mortgage broker position is one quickly becoming Canadian homeowner’s first choice for receiving the lowest interest rates and personalized advice on their financing options.

In fact, according to the 2022 Year-End Consumer and Outlook Survey, 45% of first-time home buyers chose to use a mortgage broker instead of going directly to their bank. For context, when I first started in the industry in 2016, this was only 30% so the market share has grown steadily!

With 9 out of 10 of these consumers reporting being ‘very satisfied’ with their experience, this is a testament to the amazing professionals creating positive results for their clients and making a difference in the homes of Canadians when dealing with their biggest and often most valuable investment.

Working as a mortgage agent at Dominion Lending Centres (DLC) is a “win-win” for everyone involved.

For your clients, they receive an independent mortgage advisor who is in their corner, bias to their best interests and isn’t charging them a dime.

For you as a DLC mortgage broker you’ll be able to for your clients instead of a bank, create a flexible work schedule that is primarily remote and develop your own book of business with uncapped earning potential.

So what is required to become a mortgage broker?

The requirements as set out by the British Columbia Financial Services Authority (BCFSA) are as follows:

Once you pass the MBL exam, you will registered as a “sub“-mortgage broker and need to register your new license with a mortgage brokerage before you can begin accepting and assisting clients.

Ideally, while you are completing the course this is a step you will want to have figured out before you pass the exam so you aren’t stuck in limbo with nowhere to register your license.

Once you’re registered with a mortgage office, this is where the hard work really begins.

You’ll discover quite quickly that the schooling does little to prepare you for the obstacles ahead in establishing your mortgage career.

Many new mortgage agents will lose business simply by trial and error as most mortgage brokerages (as much as they may promise this guidance) do not offer a trainer designated to walk you through each mortgage application to teach you how to assess a file, underwrite documents, accurately advise clients, and ensure compliance is followed.

At Dominion Lending Centres - Modern Mortgage Group, this is where we separate ourselves from the pack to help you get established in the mortgage industry.

As a mortgage agent at our office, you will work one-on-one with a designated trainer who carries years of experience processing hundreds of mortgage files along with helping you create and implement a gameplan for how to market your business and establish a client base that results in a long-lasting career in the industry.

As one of Canada’s top mortgage offices, you’ll get exclusive access to a collection of niche lenders and unique financing programs that will set you up for success for any client situation comes across your desk.

Do you have questions about getting started as a mortgage broker? Looking for a thriving office to build your new career?

As a new agent at Dominion Lending Centres - Modern Mortgage Group we invest a lot of time and resources to help you get off the ground. So we want to ensure this is a good fit for everyone.

If you’re interested in finding out more about becoming a mortgage broker or launching your new career at our office, click here to schedule a discovery call to learn more.