Borrower Be Aware ®

Borrower Be Aware ® Program

As seen in our "Before you Apply" document; MortgageQuote's Borrower Be Aware® Program is designed to better help mortgage consumers understand their roles and responsibilities, the investor-lender's roles and responsibilities and the licensed broker's roles and responsibilities, in a mortgage transaction.

Mortgage Consumer (applicant or borrower)

  • Your responsibilities to your broker are based upon your Client Consent or Client Agreement document. Ask your broker for details.
  • Your responsibilities to MortgageQuote (as a retail customer) is based upon your Client Consent or Client Agreement document with MortgageQuote. Ask your MQCC Licensed broker for details.
  • Your responsibilities to MortgageQuote (as a wholesale customer) is based upon the contents of our commitment letter or expression of interest document to you.

See our full Terms of Service document, named: Client Relationship & Compensation Disclosure located here

Details are explained here: Responsibilities to Lender Clients and Borrowers

  • Additional responsibilities to MortgageQuote for both retail and wholesale clients is a requirement to operate in accordance with the MortgageQuote Fraud Watch Program. Visit fraudwatch.mortgagequote.ca to learn more.

Licensed Mortgage Broker

3rd-Party Licensed Mortgage Broker

- Your Licensed Mortgage Broker's responsibilities to you are based upon guidelines established in their Client Consent or Client Agreement document. Ask your broker for details.

MortgageQuote Licensed Mortgage Broker

Your MortgageQuote Licensed Mortgage Broker's responsibilities to you are based upon guidelines established whether you are a retail client or a wholesale client

Retail MortgageQuote Clients

- Your Licensed Mortgage Broker's responsibilities to you are based upon guidelines established in their Client Consent or Client Agreement document. Ask your MortgageQuote Licensed Mortgage Broker for details or read the MortgageQuote Client Relationship & Compensation Disclosure Document found at the Application Forms Page, here.

Wholesale MortgageQuote Clients

- MortgageQuote's responsibilities to you are based upon the contents of our commitment letter or expression of interest document to you.

Mortgage Investor-Lender

- Your investor-lender's responsibilities to you are based upon the contents of their commitment letter or expression of interest document to you.

Private Equity Mortgage Investor-Lender

Board Certified Private Equity Mortgage Lenders are subject to the Private Equity Mortgage Institute (PEMI)® Borrower Be AwareTM Program, based upon the following principles:

    • Non-Predatory
    • Compliant
    • Professional
    • Disclosure

Learn more about the PEMI® Borrower Be AwareTM Program and principles here