Mortgage Broker Course
Get classroom-based preparation for BC mortgage brokering. Learn lending products, compliance, underwriting basics, income verification, deal structuring, disclosures, and ethics
Mortgage Broker Course
To practice as a Sub-Mortgage Broker in British Columbia, completing the Mortgage Brokerage in British Columbia Course is a must. At Lead Institute, we help you understand the course material and complete the course. Our aim is to provide you with all the guidance needed to pass the exam with best scores. After you pass the exam, we help you get registered with Mortgage Brokerage Agency.
This in-person course builds the skills and confidence you need to start in BC’s mortgage industry. You’ll work through how lenders assess risk, how to read income and credit, what documents are required, and how to structure files responsibly. Expect case studies, form walkthroughs, and timed practice questions so you’re ready for the licensing exam and the next steps with a brokerage.
Course Duration
6 Weeks
Course Fees
$599 + TAX
Licensing Body
BC Financial Services Authority (BCFSA) – Mortgage Broker oversight
This program prepares you academically for the licensing pathway. Licensing decisions, eligibility, and registration are determined by BCFSA and designated education/exam providers; additional steps and fees apply after training.
Requirements for Real Estate License
- REnglish Language Proficiency (ELPR): CELPIP–General Level 7 or higher in each component (reading, writing, listening, speaking) in a single sitting. IELTS is not accepted for ELPR.
- REducation & exam: complete the approved pre-licensing education (e.g., Mortgage Brokerage in British Columbia via UBC Sauder or recognized equivalents) and pass the licensing exam.
- RAge & suitability: at least 19 years old; of good reputation and suitable to be licensed (criminal record check required as part of the application).
- RAuthorization to Work in Canada
- RSponsorship: apply with a licensed mortgage brokerage (sponsoring/affiliating brokerage required for practice in BC).
EXAM CRITERIA / INFORMATION
- RFocus areas: mortgage legislation and ethics; products and lender types; application intake and KYC; credit and income analysis (salaried, hourly, self-employed); ratios and affordability; property types and risks; documentation and disclosure; privacy and anti-money-laundering awareness; conditions, funding, and post-funding file management.
- RPractice: case studies with forms, calculation drills, and full-length mock exams; exam-writing strategy is included.
- RExam: proctored licensing exam administered via the designated provider; separate registration and exam fee; valid government ID required.
- RNext steps: after passing, complete any remaining regulator requirements and submit your licence application with your sponsoring brokerage.
CAREER OUTCOME
- IMortgage Broker / Submortgage Broker (entry level)
- IMortgage Associate / Underwriting Assistant
- IInside Sales / Fulfilment at a brokerage or lender
- ISpecialist roles over time (self-employed income, construction, private lending)
Typical employers: independent brokerages, national networks, credit unions, alternative and private lenders, and fintech lenders.
FAQs
Do I need CELPIP or IELTS for licensing?
You must meet the ELPR with CELPIP–General Level 7 or higher in each component in one sitting. IELTS is not accepted for ELPR.
What education do I need before licensing?
Complete the approved pre-licensing course (commonly UBC Sauder’s Mortgage Brokerage in BC or recognized equivalents) and pass the licensing exam.
Do I need a sponsoring brokerage?
Yes. To practise, you apply with a licensed mortgage brokerage. Your licence is issued in connection with that brokerage.
How math-heavy is the course?
You’ll use practical math—GDS/TDS ratios, payment and interest calculations, and simple pricing/fee scenarios. We provide step-by-step methods and practice.
How long until I can start working with clients?
Timelines depend on your study pace, exam date, and BCFSA processing. Many candidates plan several weeks to a few months from start of course to licence in hand.
*For more information, Please Visit UBC Sauder School of Business