Financial Services
Commission of Ontario
Licensing Link Demonstration
What is Licensing Link?
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On-line application system designed
for use by Mortgage Brokerages,
Brokers, Agents and Mortgage
Administrators.
Licensing Link will greatly simplify the
submission of applications under the new
Act.
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Licensing transactions are completed faster
Application accuracy increased
Identifies inconsistencies missing information
Eliminates re-submitting of applications
Eliminates need to decipher handwriting
Ensures security
Avoids mail delays
Available 24/7
Licensing Fee payment facility
Licensing Link – Agent /
Broker Application Process
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The following presentation is intended
to describe the Mortgage Agent or
Mortgage Broker application process
BROKERAGE APPLICATION
PROCESS
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The application
process for Agents
& Brokers will be
started by their
brokerage
Agents & Brokers
are not able to
apply directly to
FSCO.
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Individuals, including directors,
officers, partners, directors and
officers of corporate partners,
employees or agents of a brokerage
who are engaged in dealing or trading
in mortgages on its behalf must obtain
a mortgage broker or mortgage agent
licence.
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A mortgage broker or agent licence
authorizes an individual to work for only one
brokerage, named under the licence. An
individual cannot be licensed to work for
more than one brokerage. If they are
currently working for two brokers under the
Mortgage Brokers Act, they will not be able
to continue to do so after July 1, 2008.
4 EASY STEPS!
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Step 1 – Brokerage initiates
application for an Agent or Broker
STEP 2 – Agent Completes Application
Form
STEP 3 - Brokerage review / approval
/ submission to FSCO
STEP 4 – FSCO review / approval
STEP 1
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Brokerage initiates application for an
Agent or Broker
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From the list of
possible activities
select NEW
APPLICATION
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Before starting any
applications ensure you
have all of the
following information
on the individual:
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Gender
Date of Birth
Language Preference
(English / French)
Full Legal Name
Full Home Address
Telephone Number
Email address
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To start the Agent
application click on
the radial button
beside Agent
Indicate if the
Agent is an Officer
or Director of the
Brokerage
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Birth date – click on the
calendar box to the right of
the birth date field
Language
Salutation
Last Name – ensure that
the persons full legal name
is provided it will be
required to perform the
criminal background check
Enter the APPLICANTs
home address
Email address
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All the fields marked
with a red astrex are
required fields, the
system will not allow
you to proceed with
the application process
unless all the required
fields are completed.
Click on the SAVE
button at the bottom of
the screen when you
are finished completing
the application form
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List of Pending
applications will appear
on the screen, under
the STATUS column it
will indicate “WAITING
FOR PRELIMINARY
COMPANY APPROVAL”,
click on the Principal
Brokers name to open
the application form
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Scroll down to the
bottom of the page
and click on SEND
TO APPLICANT
button
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A confirmation box will
appear indicating that
changes made to
profile information of
the APPLICANT after
the email is sent will
not be saved – click OK
if you want to proceed
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A confirmation page
will appear – click
on SEND EMAIL TO
APPLICANT for
them to complete
the application form
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List of Pending
applications will
appear on the
screen, under the
STATUS column it
will indicate
“WAITING FOR
APPLICANT
COMPLETION”
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To end the session
on licensing link
click on LOG OUT
on the left hand
side of the screen
STEP 2
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Agent Completes Application Form
Agent Application
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The Licensing Link system will
send the APPLICANT an email
with a link to complete the
application form
FROM: "FSCO Licensing Link"
<[email protected]>
TO: Key Contact at Brokerage
SUBJECT: Agent Last Name, First
Name, Brokerage Name
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The APPLICANT will click on
the url link in the email to open
up the application started by
the brokerage
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Please note: This e-mail is being sent to
you by Financial Services Commission of
Ontario on behalf of BROKERAGE JAN
30 08. All communication regarding the
contents of this e-mail should be
directed to BROKERAGE JAN 30 08.
http://fsco-iisintra/mbsweb/NewAppProcess.mbs?K100529~88935~2AE0L5W6Q_EN~3~
Application –
Instruction Page
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The first screen to appear will
be the application instructions
– read through the instructions
– CLICK on the I AGREE button
at the bottom of the page
To authenticate themselves the
APLICANT is required to enter
in their date of birth, home
postal code and email address.
This information must match
the information provided on
the application by the
brokerage
Click on the CONFIRMED
button
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A PIN number will
be provided and the
APPLICANT will be
asked to establish a
question and
answer that can be
used if they forget
their password,
click CONTINUE
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The information
entered by the
brokerage will be
displayed, changes
can be made at this
point to the address
entered by the
brokerage
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The Applicant will
be asked to provide
an Ontario mailing
address, if this is
the same as their
home address, click
on the box,
otherwise enter in
the address
information below
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The applicant is
required to read the
consent to the
collection of
information
statements and
click on the
CONTINUE button
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The applicant will
be asked to indicate
if they hold any
other licences or
have a mortgage
brokering website
Click on the
CONTINUE button
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The applicant will
be asked to indicate
what education
qualifications they
have
Click on the
CONTINUE button
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The applicant will be asked
to provide information on
their background – click on
the radial buttons yes or no
for each question, the
information provided will be
cross checked with the
Criminal Background check
performed
If you answer YES to any
questions provide details in
the text box
Click on the CONTINUE
button
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The applicant will
be required to
electronically sign
the application form
by typing in their
name exactly how it
appears on the
application form
Click on the
CONTINUE button
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The applicant will be
presented with a
confirmation page of
all the declarations
made on the
application, if changes
required click on I
WISH TO MAKE
CHANGES, otherwise
click on CONFIRMED
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A confirmation box will
appear indicating that
the application has
now been sent back to
the brokerage for their
final review / approval
and submission to
FSCO
The applicant can close
the browser or click on
the link to open the
mortgage broker web
site
STEP 3
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Brokerage review / approval /
submission to FSCO
Brokerage Approval /
Submission to FSCO
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After the applicant has
finished the principal broker
application form, the
brokerage will receive a
notification email. From the
email they can view the
summary of the information
provided by the applicant
FROM: "FSCO Licensing Link"
<[email protected]>
[email protected]>
TO: Key Contact at Brokerage
SUBJECT: Confirmation Page Agent Last Name, First
Name
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JANLASTNAME, FIRSTNAME completed the application
for a Mortgage Principal Broker licence on Financial
Services Commission of Ontario's online Licensing Link.
As part of the process, the Applicant was presented with
a Request for Confirmation, on which all statements
he/she made onon-line were rere-stated. The applicant
subsequently agreed that all statements on the
Confirmation screen were correct by pressing the
'Confirmed' button.
The link below will display the confirmation screen as
exactly as the Applicant saw it. Please print to keep a
copy for your records. If you encounter problems,
please contact us at [email protected].
[email protected].
After viewing the applicant's confirmation you should
revisit your brokerage's pending list to either give 'Final
Approval' to this application, or deleted it from your
pending list.
http://fscohttp://fsco-iisiisintra/mbsweb/ViewConfirmationPage.mbs?Kintra/mbsweb/ViewConfirmationPage.mbs?K100529~88935~2AE0L5W6Q_EN~3
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The Brokerage will
then need to log on
to licensing link and
click on the List of
Pending
Applications
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The status of the
application will
indicate READY FOR
FINAL COMPANY
APPROVAL
Click on the name
of the applicant to
open the
application
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The brokerage can
view the
confirmation page
of all the
declarations made
by the applicant
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The brokerage can
decline the
application if they
no longer wish to
licence the
individual, delete
the application, or
approve it
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If the brokerage
wants to proceed
with the application
they have to pay
the fee
Enter the name on
the credit card,
type of credit card,
number, and expiry
date
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A confirmation box
will appear
indicating that a
secure 3rd party
credit card service
is used to process
the transaction,
FSCO does not
maintain any credit
card details
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Payment
confirmation page
will appear, option
to print this page or
return to the
pending list of
applications
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The pending list will
indicate that the
application is now
with FSCO for
review / approval
STEP 4
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FSCO review / approval
FSCO Review
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FSCO will review the
information provided
on the application form
Perform a criminal
background check
Ensure suitability
requirements are met
Approve or deny the
application
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The brokerage can
log on to Licensing
Link and click on
List of Pending
Applications to see
the status of FSCO’s
review
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After FSCO has
reviewed and
approved the
application for the
agent the status of
the application will
be changed to
completed
THE END