Disponible en français sur demande.
Mortgage Brokering Technical Advisory Committee
Meeting Summary
Date: Thursday, September 29, 2022
Time: 10:00 a.m. to 12:00 p.m.
Location: Videoconference
This summary sets out the key points discussed at the September 29, 2022, meeting.
FSRAForward – Mortgage Brokering Portal Update
FSRA provided a progress update on upcoming improvements to the Mortgage Brokering Portal which is part of the FSRAForward initiative.
FSRA’s Whistle-Blower Program
FSRA provided information about its new Whistle-Blower Program and discussed the Interpretation /Approach Guidance developed to assist stakeholders to interpret the protections in the FSRA Act. The Committee provided feedback on the program.
Mortgage Brokers and Mortgage Administrators Fee Rule Update
The Committee was updated on the mortgage brokering sector Fee Rule review and the fee models being considered. FSRA sought the Committee’s feedback on the proposed fee structure.\
Mortgage Suitability Assessments
FSRA discussed upcoming interpretation guidance setting minimum expectations for mortgage suitability assessments. The Committee provided preliminary feedback on the proposed guidance.
Next meeting
The next meeting of the committee will be scheduled for November 28, 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 |
VC |
|
Monica Liang |
Ministry of Finance |
VC |
FSRA members present:
Roy Dias, Nadiatou Fagbemi, Jennie Hodgson, Wendy Horrobin, Antoinette Leung, Huston Loke, and team members from FSRA’s Market Conduct team; Rocca DAngela, Fern Karsh, Abina Rogers from Policy team were present at the meeting. Martina Aswani, Tamara Brooks, Troy Harrison, Chris Zolis and Elissa Sinha from Legal and Enforcement team, Emil Taimazov and Mai Vo from Financial Planning and Analysis team, John Slowakiewicz from Digital Transformation, as well as Serina Yau from FSRA’s Public Affairs team were also present
Available in French upon request