Mortgage Brokering Technical Advisory Committee

Meeting summary

Date: Thursday, September 14, 2023 
Time: 1:00 p.m. to 3:00 p.m.
Location: 25 Sheppard Avenue West, Suite 100, Toronto, ON M2N 6S6
Videoconference – Microsoft Teams 

This summary sets out the key points discussed at the September 14, 2023, meeting.

Welcome

The Chair called the meeting to order and welcomed TAC members.

Market trends

Share trends and emerging issues in the mortgage industry and impact to consumers.

Plan to strengthen protection of vulnerable consumers in FSRA’s sectors

Presented a high-level overview of FSRA’s recommended approach to strengthen protection of vulnerable consumers, and to obtain preliminary feedback from TAC members.

Use of artificial intelligence in the mortgage industry 

Discussed the extent of use of technology/AI by the sector, and to discuss risks and opportunities. 

Quantitative indicators for licensed individuals at risk of misconduct

Discussed the indicators FSRA can collect to identify individuals/firms most prone to misconduct or facilitating mortgage or title fraud.

Roundtable 

Presented and discussed our supervision plan for 2023/2024 and the MB newsletter. 

Solicited comments/feedback from PMC and Challenge Exam. 

Next meeting

The next meeting of the committee will be scheduled for Thursday November 23, 2023 from 10:00am – 12:00 pm.

Attendance record

Invited/Attended

Company name

Attendance status

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

Alex Leduc

Perch (Mortgauge)

VC

Anisa Sherwood Lancione

Mortgage Brokers City

VC

Carla Gervais

The Mortgage Advisors (Verico)

VC

David Morrison

Morrison Financial

VC

Dong Lee

DLCG / Mortgage Architects

A

Elizabeth Gnoinski

Boss Mortgages – The
Mortgage Center

A

Guido Di Franco

Richview Capital MIC Inc. / Mortgage Architects Experts

VC

Kevin Fettig

CMI Financial Group

VC

Marie Taylor

FCT

VC

Neil Gross

Component Strategies
Consulting

VC

Sadiq Boodoo

Approved Financial
Services

R

Victoria Joly

Distinctive Real Estate
Advisors Inc.

VC

FSRA members present:

Antoinette Leung, Chris Zolis (Online), Dave Veeren (Secretariat), Elissa Sinha (Online), Gina Stephens, Huston Loke, Jennie Hodgson, Jisha Sarwar, Nadiatou Fagbemi, Rocca D’Angela, Stuart Wilkinson, Wendy Horrobin

Available in French upon request