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 |
|---|---|---|
|
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.
Available in French upon request