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 |
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 |
VC |
|
Sadiq Boodoo |
Approved Financial |
R |
|
Victoria Joly |
Distinctive Real Estate |
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