Mortgage Outlet Inc. is currently recruiting experienced and newly licensed mortgage agents and brokers.


If you are a hard working, highly motivated, self-disciplined individual looking to work in an environment with caring leadership, one of the industry’s best commission structure and commission programs, top tier mortgage rates from Canada’s leading mortgage lenders and banks, along with many other perks, then Mortgage Outlet would like to hear from you.

Top 12 reasons to join Mortgage Outlet

Selecting a brokerage is an important decision.  Thank you for considering Mortgage Outlet.

Please read the important information below carefully to learn more about us and our work style.

1) We’re one of the Top 75 Mortgage Brokerages in Canada – and we've won many industry awards

    • Mortgage Awards of Excellence
    • Canadian Mortgage Awards
    • Top Workplace
    • Top Independent Brokerage
    • Numerous positive Google reviews
  • We are often quoted in the media (eg. Globe and Mail) and are even paid by real estate brokerages (eg. Toronto Real Estate Board, Oakville/Durham/Brampton Real Estate Boards) to give mortgage seminars to Realtors.
  • As a top brokerage, we have access to better rates and commission packages than that of other brokerages
  • It also means we have access to lenders that others may not – and this is becoming a critical competitive advantage, given all the new mortgage regulations (eg. Credit unions, luxury property lenders, etc)
  • We are registered with the Better Business Bureau and have top Google reviews, which further helps you build your credibility and client conversion – you would be amazed how many clients review this!

2) We have a proprietary, three-pronged approach to training new agents

  1. A customized welcome package with LOTS of info to read and videos – this will help you to start out your career.  This will show you how to complete a mortgage application, mortgage documents required, rates and more
  2. Weekly meetings with lenders and with new agents to learn about new mortgage products and to stay up-to-date
  3. Most important – we help you with each and every file.  Which lender is best for my client? Fixed or variable? Which documents? How much is the compensation? Can I get an exception? We are basically like personal trainers and work with you closely for every client that you have.  This also includes business planning to help you succeed.

3) We don’t nickel-and-dime our agents with fees

  • No marketing fees or franchise fees
  • No monthly fees or desk fees
  • No “exit” fees to leave and we don’t require a one-year commitment
  • No joining costs (Just pay FSCO and E&O insurance)

4) Our brokers and team leaders are not “semi-retired”

  • We’ve heard from our new recruits that they could never get ahold of their broker, because their broker was always golfing, in Florida, etc.
  • Speed matters – and we’re available when you need us – evenings and weekends included
  • Don’t lose your clients when they become impatient with a slow response and walk into their bank branch

5) Because of our volume, we have dedicated lender underwriters, top tier status and access to many lenders

  • Often, we receive a purchase agreement from the Realtor at 10pm and because the file was already underwritten by us, we simply enter the purchase price/closing date/address and submit – and frequently, we receive a commitment by the next MORNING! This really “WOWs” your Realtors and clients, helping you get more referrals.
  • We have lenders that many other brokerages do not have – helping you to get more approvals and win clients.
  • We are working directly with lender underwriters who are assigned to Mortgage Outlet for faster service.

6) We are licensed in BC, AB, ON, NS, QC and can lend across Canada. This can help you generate more business.

7) We don’t “hide” commissions from you

  • Lenders provide a finder’s fee and “volume rebate” (VR) AND other “bonus commissions” to the brokerage
  • Some brokerages don’t tell their agents about these VR’s and bonuses, which can cost you thousands of dollars

8) We can help to fund any deal

Residential, commercial, land, construction, damaged credit, new-to-Canada, private lending, second and third mortgages, borrowed down payments, nursing homes, golf courses, luxury properties, fast closings & more!

9) We have a stellar reputation in the industry

  • We are outstanding underwriters – our lenders reward us with fast turnaround times & ratio exceptions
  • We love what we do!
  • Similar to a doctor, architect, and accountant – we are professionals and take our craft seriously

10) We have a program suitable for part-time and new mortgage agents

  • This includes access to brokers/underwriters in the evening
  • Also included is training in the evening via Skype/Facetime

11) We give you the freedom to run your business as you desire, but we also provide the support you want

  • Of course, everything needs to be legal, ethical and proper

12) We want to grow with you

  • Our goal is to help agents build careers where they are empowered to learn, grow, have fun & make money
  • We pride ourselves on having a culture where we all work together to accomplish big things


Other information

Commission Split (for new agents):

  • 50/50 for the first 10 files;   65/35 for the next 10 files;  80/20 afterwards
  • No monthly payments and no minimums

Costs to join:

  • FSRA (regulator) is approx $900 per year, prorated
  • E&O insurance is $505 per year, prorated
  • Sign-up fee of $200 for background check and enrollment process (email accounts, website updates, etc.)
  • Credit bureaus are $9 per request (i.e. you pay the Equifax costs as applicable)

Marketing and getting clients:

  • We do not provide leads as we have found that new agents do not follow up and the lead becomes cold
  • We do not recommend spending on marketing as it usually wastes a lot of your money
  • We recommend business planning, networking and using your strengths to build your client list

Questions? Ready to join?

Email your resume, ID and proof of your exam to:

Elan Weintraub, BBA, MBA; Co-founder, Mortgage Broker


After you carefully read this information, please book a call with ELAN