Mortgage Brokering in Ontario

This class was created by Brainscape user Megan Chew. Visit their profile to learn more about the creator.

Decks in this class (24)

Chapter 1: Market Overview
Mortgage agent vs mortgage broker,
Role of a mortgage agent broker,
Types of actvities of a mortgage ...
29  cards
Chapter 2: Basic Mortgage Concepts
Define shelter to income,
Define average debt to income ratio,
Define downpayment
37  cards
Chapter 3: Mortgage Repayment Plans and Options
Partially amortized blended const...,
Partially amortized blended const...,
How to prevent a negative amortiz...
38  cards
Chapter 4: Property Ownership in Ontario
Difference between real property ...,
Define expropriation 1,
Fee simple estate 3
33  cards
Chapter 5: Licensing
A brokerage must disclose to a bo...,
Borrowers are entitled to the fol...,
It is a good idea for a brokerage...
42  cards
Chapter 6: The Role of the mortgage agent
Lenders expectations 3,
Borrower expectations 4,
Termination of agency 4
10  cards
Chapter 7: Insurance in the mortgage industry
Mortgage default insurance,
How does mortgage default insuran...,
Default management program
15  cards
Chapter 8: Brokering Specialization
Ebitda,
Debt service coverage rato 3,
Formula for net operating income
18  cards
Chapter 9: Marketing: the impact of Legislation and Regulation
Personal information protection a...,
Canada anti spam legislation casl,
Canadian code of advertising stan...
8  cards
Chapter 10: Building a business as a mortgage agent
Post purchase cognitive dissonance,
Pre purchase research,
How to be different from the comp...
10  cards
Multiple Choice
This refers to the emotional stat...,
This is a call made to a potentia...,
This practice provides a consumer...
90  cards
Chapter 11: Initial Consultation
Four places to meet clients 4,
How to verify identity of borrower,
Define source 1
16  cards
Chapter 12: Application Analysis - Required Documentation
What information does a t5 supply,
When does a taxpayer use a t2125,
What is a t1
11  cards
Chapter 13: Application Analysis - Application Ratios
0  cards
Chapter 14: Application Analysis - Borrower Credit
Define the term trade line,
Discuss the items that are involv...,
What can an individual do to incr...
15  cards
Chapter 15: Application Analysis - Property Valuation
What are the factors that affect ...,
What are the factors that affect ...,
List the different purposes for w...
8  cards
Chapter 16: Choosing a Lender
List three examples of an mie,
List three examples of an mfc,
What is the broker channel
7  cards
Chapter 17: Submitted the Application and Obtaining a Commitment
List the typical items that must ...,
Discuss the impact of funding rat...,
What is the most common complaint...
9  cards
Chapter 18: Borrower Disclosure
List the types of information eg ...,
List the specific costs that must...,
If a cost is unknown how must it ...
18  cards
Chapter 19: Closing the Transaction
How much should a borrower have s...,
Under what circumstances is pst i...,
Under what circumstances is hst c...
14  cards
Chapter 21: Mortgage Remedies
What constitutes default by the b...,
What process is the most common r...,
What act outlines the process tha...
14  cards
Chapter 22: Mortgage Fraud
Explain the difference between fr...,
In your opinion is fraud for shel...,
What is the most common factual m...
12  cards
Chapter 23: Ethics and Mortgage Brokering
What are the core values of the m...,
What are the steps in the decisio...,
What should an individual do if h...
6  cards
Chapter 20: Contract and Tort Law
What is a contract,
Explain the elements of a valid c...,
If misrepresentation exists what ...
22  cards

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Mortgage Brokering in Ontario

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