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 of UBC (Sauder School of Business) is a must. At Lead Community College, 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
7-8 Weeks
Course Fees
$599
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 Sub-Mortgage Broker License
English Language Proficiency Requirement (ELPR): achieve CELPIP–General Level 7 or higher in each of the four components (reading, writing, listening, speaking) in a single sitting. This must be met before you can write the licensing exam or by being excepted from the requirement by graduation from a recognized university degree program at an accredited university, college or technical institute at which English is the primary language of instruction.
Age & suitability: at least 19 years old; of good reputation and suitable to be licensed (criminal record check required as part of the application).
EXAM CRITERIA / INFORMATION
- RFocus areas: mortgage legislation and ethics; products and lender types; application intake; 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.
- RNext steps: after passing, complete any remaining regulator requirements and submit your licence application with your sponsoring brokerage.
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 of UBC (Sauder School of Business) Mortgage Brokerage in BC.
Do I need a sponsoring brokerage?
Yes. To practise, you apply through a licensed mortgage brokerage and 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