The Mortgage Broker Podcast
WATCH ▶️ Watch this episode on YouTube [https://youtu.be/DgnSfiKL-zI] *** EPISODE DESCRIPTION In this episode, Justin continues with the third episode of our Broker Armour podcast series. Broker Armour is our podcast series focused on compliance and regulatory changes affecting Canadian mortgage brokers. It aims to provide practical guidance and expert insights from regulators and industry professionals to help brokers navigate the increasingly complex regulatory landscape while maintaining compliance and protecting their businesses. This episode provides a comprehensive overview of the upcoming Mortgage Services Act (MSA) in British Columbia, detailing educational requirements, brokerage windup procedures, and the implications for personal mortgage corporations (PMCs). Justin discusses: → When the BC Mortgage Services Act (MSA) is coming into effect (October 13th, 2026), and how it will change brokering in BC as we know it. → The new educational requirements & deadlines for the BC mortgage industry including MSA "Getting Started", MSA "The New Mortgage Broker Course", and MSA "Principle Broker #1 & #2". → The timeline of brokerage wind-up procedures, the steps you need to take, and how to decide between being a PMC or a brokerage. → Personal Mortgage Corporations (PMCs) - What a PMC is, who can own a PMC, PMC naming guidelines, the additional costs of a PMC, and the restrictions of a PMC including underwriter payment structures. *** CHAPTERS 00:00 Intro 00:35 The BC MSA Coming Into Effect October 13, 2026 01:18 #1: Educational Requirements 03:45 #2: Brokerage Wind-Up Procedure - Being a PMC vs Brokerage 10:03 #3: PMCs 11:07 What Can't a PMC Do 14:01 The Naming of a PMC 16:07 Who Can Own a PMC 16:57 The Cost of a PMC 18:01 Wrap-Up *** CONNECT WITH THE SHOW 🎙️ The Mortgage Broker Podcast Podcast: @abetterwaymortgage [https://linktr.ee/themortgagebrokerpodcast?utm_source=linktree_profile_share<sid=bf8c6904-a28b-4518-9662-645edb5ce53b] 📺 The Mortgage Broker Podcast YouTube: @MortgageBrokerPodcastNetwork [https://www.youtube.com/@MortgageBrokerPodcastNetwork] 📝 The Mortgage Broker Podcast Blog: @ABWMedia [https://www.joinabw.ca/media] *** CONNECT WITH THE HOSTS 📋 Justin Noda's LinkedIn: @JustinNoda [https://www.linkedin.com/in/justin-noda-4b865719b/] 📋 Dean Lawton's LinkedIn: @DeanLawton [https://www.linkedin.com/in/dean-lawton-07184998/] 📋 Deryk Williamson's LinkedIn: @DerykWilliamson [https://www.linkedin.com/in/deryk-williamson-271697106/] 📋 Jason Marshall's LinkedIn: @JasonMarshall [https://www.linkedin.com/in/jasonmarshallma/] *** CONNECT WITH A BETTER WAY MORTGAGES 🔗 A Better Way Mortgages Website: www.joinabw.ca [https://www.joinabw.ca/] 📸 A Better Way Mortgages Instagram: @abetterwaymortgages [https://www.instagram.com/abetterwaymortgages/] 📋 A Better Way Mortgages LinkedIn: @ABetterWayMortgages [https://www.linkedin.com/company/dominion-lending-centres---a-better-way/?originalSubdomain=ca] 👥 A Better Way Mortgages Facebook: @ABetterWayMortgages [https://www.facebook.com/abetterwaymortgages/] 📬 A Better Way Mortgages Tuesday Mortgage Memo: @ABWTuesdayMortgageMemo [https://www.joinabw.ca/abw-tuesday-mortgage-memo]
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