How to Become a Mortgage Broker in Newfoundland and Labrador
Do you need a licence?
Licence required
You must be registered with Government of Newfoundland and Labrador, Government Services – Mortgage Brokerages and Brokers Regulation (Superintendent of Mortgage Brokerages and Mortgage Brokers) to work as a mortgage broker in Newfoundland and Labrador or to use a protected title.
- Protected titles
- mortgage broker
Show the source
“Mortgage Broker is defined as an individual who holds a mortgage broker licence and who brokers mortgages on behalf of a mortgage brokerage.”
From gov.nl.ca/gs/mortgage-broker-reg/licensing, checked October 10, 2026.
At a glance
- Licence status
- Licence required See the source
- Routes
-
- Trained in Canada: 5 steps, listed one-time fees $200
- Licensed in another province: 2 steps, listed one-time fees $200
- Trained outside Canada: no separate route
Your roadmap
Tick each step as you finish it. Your ticks are kept in this browser only.
Trained in Canada
0 of 5 done
- Listed one-time fees: $200
- 4 steps without a listed fee
- Listed time: 0.2 months (only 1 of 5 steps state a time)
-
Register for and successfully complete the pre-licensing Newfoundland and Labrador Mortgage Broker Course with the provincially approved accredited provider.
Source
“You must successfully complete the pre-licensing NLMBMC and/or NLMBC with a provincially approved accredited provider before you submit your Mortgage Brokerage or Mortgage Broker Licence Application.”
gov.nl.ca/gs/mortgage-broker-reg/educational-requirements -
Write the exam for the course after completing the pre-licensing training course.
Source
“No. You must successfully complete a pre-licensing training course with Mortgage Professionals Canada before you write the exam(s).”
gov.nl.ca/gs/mortgage-broker-reg/educational-requirements -
Wait to receive the exam results within five business days of writing the exam.
Time: 5 daysTime source
“You will receive the exam results within 5 business days of writing the exam.”
gov.nl.ca/gs/mortgage-broker-reg/educational-requirementsSource
“You will receive the exam results within 5 business days of writing the exam.”
gov.nl.ca/gs/mortgage-broker-reg/educational-requirements -
Once all modules are successfully completed, the course provider sends a record of official completion letter, a copy of which is requested during the online application process.
Source
“Once a candidate has successfully completed all modules, Mortgage Professionals Canada will send a record of official completion letter to the email address provided. A copy of this record will be requested during the online application process.”
gov.nl.ca/gs/mortgage-broker-reg/educational-requirements -
Submit the mortgage broker licence application through the MBRCC licensing tool, including proof of successful course completion, a certified criminal records check and sponsorship by a licensed mortgage brokerage.
- Mortgage broker licence fee: $200
Source
“The licensing fee for a mortgage broker licence is $200.00.”
gov.nl.ca/gs/mortgage-broker-reg/licensing
Source
“Criminal Record Check: The applicant must submit a certified criminal records check satisfactory to the superintendent from the Royal Newfoundland Constabulary, the Royal Canadian Mounted Police or another organization approved by the minister.”
gov.nl.ca/gs/mortgage-broker-reg/licensing - Mortgage broker licence fee: $200
Listed fees for this route
One-time total listed: $200
| Fee type | Amount | Share |
|---|---|---|
| Application | $200 | 100% |
| One-time total | $200 | 100% |
4 steps without a listed fee, so the total may not be the full cost.
Licensed in another province
0 of 2 done
- Listed one-time fees: $200
- 1 step without a listed fee
-
Provide proof, satisfactory to the Superintendent, of successful completion of a training program in another Canadian jurisdiction that was approved by that jurisdiction's regulator and is equivalent to or exceeds the NLMBMC or NLMBC.
Source
“Applicants for a mortgage brokerage or broker licence who has successfully completed a training program in another jurisdiction in Canada is not required to complete the NLMBMC or NLMBC where the training program has been approved by the regulator of mortgage brokers and brokerages in the other jurisdiction; the person provides proof, satisfactory to the Superintendent, of successful completion of the training program; and the Superintendent is satisfied that the training program provides training that is equivalent to or exceeds the level of training provided in the NLMBMC or NLMBC.”
gov.nl.ca/gs/mortgage-broker-reg/educational-requirements -
Submit the mortgage broker licence application through the MBRCC licensing tool with a certified criminal records check and sponsorship by a licensed mortgage brokerage in Newfoundland and Labrador.
- Mortgage broker licence fee: $200
Source
“The licensing fee for a mortgage broker licence is $200.00.”
gov.nl.ca/gs/mortgage-broker-reg/licensing
Source
“Sponsorship Requirement: The applicant must be sponsored by a licensed Mortgage Brokerage in Newfoundland and Labrador.”
gov.nl.ca/gs/mortgage-broker-reg/licensing - Mortgage broker licence fee: $200
Listed fees for this route
One-time total listed: $200
| Fee type | Amount | Share |
|---|---|---|
| Application | $200 | 100% |
| One-time total | $200 | 100% |
1 step without a listed fee, so the total may not be the full cost.
Trained outside Canada
No separate route for this group. Source
“If you are interested in becoming a licenced mortgage brokerage or broker, you must successfully complete the educational requirements established by the Superintendent of Mortgage Brokerages and Brokers under Section 6 of the regulations.”
gov.nl.ca/gs/mortgage-broker-reg/educational-requirements
Other listed fees
The regulator lists these without tying them to one step, so they are not in the route totals above. Check which apply to you.
- Mortgage brokerage licence fee: $400
Source
“The licensing fee for a mortgage brokerage licence is $400.00.”
gov.nl.ca/gs/mortgage-broker-reg/licensing
Requirements
Police check
Applicants must submit a certified criminal records check satisfactory to the superintendent from the Royal Newfoundland Constabulary, the RCMP or another approved organization.
Source
“Criminal Record Check: The applicant must submit a certified criminal records check satisfactory to the superintendent from the Royal Newfoundland Constabulary, the Royal Canadian Mounted Police or another organization approved by the minister.”
gov.nl.ca/gs/mortgage-broker-reg/licensing
Insurance
Mortgage brokerage applicants must provide proof that they are the name insured of an Errors and Omissions Liability Insurance policy in the amount of $500,000.
Source
“Errors and Omissions Liability Insurance: The applicant must provide proof that they are the name insured of a Errors and Omissions Liability Insurance policy in the amount of $500,000.”
gov.nl.ca/gs/mortgage-broker-reg/licensing
Other
Applicants must be sponsored by a licensed mortgage brokerage in Newfoundland and Labrador.
Source
“Sponsorship Requirement: The applicant must be sponsored by a licensed Mortgage Brokerage in Newfoundland and Labrador.”
gov.nl.ca/gs/mortgage-broker-reg/licensing
Already licensed in another province?
Extra steps
Applicants who completed a training program in another Canadian jurisdiction are exempt from the NLMBMC or NLMBC only if the program was approved by the other jurisdiction's regulator, they provide proof satisfactory to the Superintendent, and the Superintendent is satisfied the training is equivalent to or exceeds the NLMBMC or NLMBC. Source
“Applicants for a mortgage brokerage or broker licence who has successfully completed a training program in another jurisdiction in Canada is not required to complete the NLMBMC or NLMBC where the training program has been approved by the regulator of mortgage brokers and brokerages in the other jurisdiction; the person provides proof, satisfactory to the Superintendent, of successful completion of the training program; and the Superintendent is satisfied that the training program provides training that is equivalent to or exceeds the level of training provided in the NLMBMC or NLMBC.”
gov.nl.ca/gs/mortgage-broker-reg/educational-requirements
Processing time: Not stated by the regulator Check with Government of Newfoundland and Labrador, Government Services – Mortgage Brokerages and Brokers Regulation (Superintendent of Mortgage Brokerages and Mortgage Brokers)
Credential assessment
Not stated by the regulator Check with Government of Newfoundland and Labrador, Government Services – Mortgage Brokerages and Brokers Regulation (Superintendent of Mortgage Brokerages and Mortgage Brokers)
Exams
Not stated by the regulator Check with Government of Newfoundland and Labrador, Government Services – Mortgage Brokerages and Brokers Regulation (Superintendent of Mortgage Brokerages and Mortgage Brokers)
Language tests
Not stated by the regulator Check with Government of Newfoundland and Labrador, Government Services – Mortgage Brokerages and Brokers Regulation (Superintendent of Mortgage Brokerages and Mortgage Brokers)
Canadian experience
Not stated by the regulator Check with Government of Newfoundland and Labrador, Government Services – Mortgage Brokerages and Brokers Regulation (Superintendent of Mortgage Brokerages and Mortgage Brokers)
Supervised practice
Not stated by the regulator Check with Government of Newfoundland and Labrador, Government Services – Mortgage Brokerages and Brokers Regulation (Superintendent of Mortgage Brokerages and Mortgage Brokers)
Demand and pay
| Where | Low | Median | High | Outlook |
|---|---|---|---|---|
| Newfoundland and Labrador | $24.67 | $34.44 | $63.51 | Undetermined |
| Canada | $24.04 | $38.46 | $66.67 | — |
Wages by region and job outlook in Newfoundland and Labrador
Mortgage brokers in other provinces and territories
- British Columbia Licence required
- Alberta Licence required
- Saskatchewan Licence required
- Manitoba Licence required
- Ontario Licence required
- Quebec Licence required
- New Brunswick Licence required
- Nova Scotia Licence required
- Prince Edward Island Not confirmed yet
- Yukon Not confirmed yet
- Northwest Territories Not confirmed yet
- Nunavut Not confirmed yet
Sources checked
- Mortgage Brokerage and Broker Licensing Procedure - Government Services gov.nl.ca/gs/mortgage-broker-reg/licensing · fetched October 10, 2026
- Educational Requirements - Government Services gov.nl.ca/gs/mortgage-broker-reg/educational-requirements · fetched October 10, 2026
Frequently asked questions
1
Do you need a licence to work as a mortgage broker in Newfoundland and Labrador?
Yes. Registration with Government of Newfoundland and Labrador, Government Services – Mortgage Brokerages and Brokers Regulation (Superintendent of Mortgage Brokerages and Mortgage Brokers) is required to practise in Newfoundland and Labrador, and to use the title mortgage broker.
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