Mortgage Agent, No Desk Fees!
A "no desk fee" arrangement generally means that mortgage agents or brokers do not have to pay a fee to their brokerage for the use of office space or desk facilities. Instead, they might work on a commission-based model, where they earn a percentage of the mortgage deals they close.
In Ontario, mortgage agents and brokers are regulated by the Financial Services Regulatory Authority of Ontario (FSRA). They are required to work under the supervision of a licensed mortgage brokerage. Mortgage brokers and agents help clients find mortgage solutions that suit their needs and negotiate with lenders on their behalf.
Expert Mortgage is such a brokerage. No fees, Great Support, Excellent Split, & dedicated specialists for your marketing and deal underwriting.