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Mortgage Brokering Technical Advisory Committee 

Meeting summary

Date: Friday, April 29, 2022
Time: 9:00 a.m. to 11:00 a.m.
Location: Videoconference

This summary sets out the key points discussed at the April 29, 2022 meeting.

Market trends and proposed 2022-2023 supervision focus

The Committee and FSRA shared observations on recent trends and emerging issues in the mortgage industry.

The Committee also provided feedback on FSRA’s proposed 2022-2023 supervision focus. FSRA will publish the mortgage brokering sector supervision plan in Summer 2022. The focus will be determined based on common examination findings, areas of continued interest, recent regulatory changes and trends in the mortgage brokering sector.

Mortgage brokerage enhanced data collection discussion

FSRA discussed proposed considerations for enhanced data collection initiatives within the Mortgage Brokering Sector. The Committee provided feedback on the technological options FSRA should explore.

Mortgage agents and brokers licence renewal process

FSRA discussed the licensing renewal process for mortgage agents and brokers and sought the TAC’s feedback on potential improvements to encourage early submission to FSRA.

Next meeting

The next meeting of the committee will be scheduled for June 22, 2022.

Attendance record

Invited/ Attended

Company Name

Attendance Status
(A)ttended; (R)egrets; (S)ubstitute; (VC)Teleconference

Sadiq Boodoo

Approved Financial Services

VC

Guido Di Franco

Richview Capital MIC Inc. / Mortgage Architects Experts

VC

Kevin Fettig

CMI Financial Group

VC

Carla Gervais

The Mortgage Advisors (Verico)

VC

Elizabeth Gnoinski

Boss Mortgages – The Mortgage Center

VC

Neil Gross

Component Strategies Consulting

VC

Victoria Joly

Distinctive Real Estate Advisors Inc.

R

Alex Leduc

Perch (Mortgauge)

VC

David Morrison

Morrison Financial

VC

Anthony Pistillo

Riverrock MIC

VC

Murray Snedden

MarshallZehr Group Inc.

VC

Marie Taylor

FCT

R

FSRA members present:

Nadiatou Fagbemi, Wendy Horrobin, Antoinette Leung, Jelena Pejic, Kirk Quinn, Mai Vo and team members from FSRA’s Market Conduct team; Rocca D’Angela, Thera Medcof and Abina Rogers from Policy team were present at the meeting. Elissa Sinha from Legal and Enforcement team, Emil Taimazov from Financial Planning and Analysis team and John Slowakiewicz and Allison Wendt from Digital Transformation; Serina Yau from FSRA’s Public Affairs team, as well as Brian Mullan from Credit Union and Prudential were also present.