What is the primary role of Mortgage Professionals Canada?

The primary role of Mortgage Professionals Canada is to act as an association that supports and represents the interests of mortgage professionals in Canada. This includes the responsibility of overseeing educational requirements, which encompasses the licensing courses needed for mortgage associates.

Through its functions, Mortgage Professionals Canada offers various resources and training programs that help ensure mortgage professionals are knowledgeable and compliant with regulatory standards. This is essential for maintaining professionalism and fostering credibility within the mortgage industry.

Although the organization might engage in advocacy and promote best practices within the industry, its most direct involvement with mortgage associates pertains to education and training, specifically related to licensing. Other roles mentioned, such as regulating mortgage rates or providing loans, are not primary functions of the organization. Instead, these aspects are typically addressed by different entities within the financial and regulatory framework of the mortgage industry.