Market Watch

  • 2017
  • 2016

Mortgage Market Oversight & Regulation

The mortgage market is regulated by and licensed with the Financial Services Commission of Ontario (FSCO). Oppono Lending Company (The Manager) is a licensed mortgage administrator (Licence #11887) enabling Mortgage Company of Canada Mortgage Investment Corporation to lend and administer mortgages.

However, as The Manager we do not originate mortgages.  Under this license every mortgage we underwrite MUST originate from an independent licensed mortgage broker or intermediary. They are responsible for ensuring the loan is legitimate and properly documented and they must also carry errors and omissions and fraud insurance as specified by FSCO.  In the event that requirements in the regulatory jurisdiction in which we operate change, Mortgage Company of Canada MIC and The Manager will adapt to comply with these changes.