consumers can be found at Mortgage Managers. Ontario In Ontario, mortgage brokers are licensed by the Financial Services Regulatory Authority of Ontario (FSRA), an arms length agency of the Ministry of Finance. To become licensed an individual must meet specific licensing requirements, including passing an approved course. That course is offered by the Real Estate and Mortgage Institute of Canada Inc. (REMIC) and the Association of Accredited Mortgage Professionals(CAAMP). CAAMP provides Canadian mortgage professionals with the Accredited Mortgage Professional (AMP) designation – the national designation for professionals in Canada’s mortgage industry. In Ontario there is a difference between a Mortgage Broker and a Mortgage Agent, although they perform much of the same tasks. While the terms Mortgage Broker and Mortgage Agent are similar, and Mortgage Brokers and Mortgage Agents fulfill many of the same functions, it is important note that there is in fact a difference. According to Canadian Mortgage Trends the main difference between a Mortgage Broker is that, "...a mortgage broker is a firm or person licensed to deal in mortgages and employ mortgage agents" while "A mortgage agent is an individual authorized to deal in mortgages on behalf of a mortgage broker. While many attribute these functions to a Mortgage Broker, "A mortgage agent is generally someone who finds the best mortgage for each client based on that client’s income, credit, and property profiles." British Columbia In British Columbia mortgage brokers are licensed by the Financial Institutions Commission (FICOM) Default insurance Throughout Canada, high ratio loans are insured by either the Canada Mortgage and Housing Corporation, Genworth Financial or Canada Guaranty. Online mortgage lending in Canada As of 2017, Canada has seen a move towards mobile and online technology in the mortgage industry. CIBC has created a mobile app that is presently in beta testing. Companies are incorporating digital technology with a strong aim towards consumer awareness against bank products. Mortgage brokerage in the United Kingdom Mortgage brokers in the UK are split between the regulated mortgage market, which lends to private individuals, and the unregulated mortgage market, which lends to businesses and investors. Many UK brokerages mediate both types of business. The role of a mortgage broker is to mediate business between clients and lending institutions, which include banks, building societies and credit unions. Types of mortgage broker Tied or multi-tied Tied mortgage brokers offer products from a single lender, while multi-tied brokers offer products from