London & Southwestern Ontario
Mortgage Agent in London, Ontario
If you searched for a mortgage agent in London, Ontario, you are likely trying to understand who you'd actually be dealing with, how they are licensed, and how they get paid. This page answers those questions plainly.
I'm Nandan Bajani, licensed in Ontario and working under The Mortgage Firm Inc. (Brokerage Licence #13466). My FSRA agent licence number is M25002951.
Nandan Bajani · Licensed Mortgage Agent | Ontario · The Mortgage Firm Inc.
What a licensed mortgage agent does
A mortgage agent is licensed by the Financial Services Regulatory Authority of Ontario (FSRA) and must work under a licensed brokerage. The agent gathers your financial picture, reviews it against lender guidelines, presents the options that realistically fit, and manages the file through to funding with your lawyer and lender.
- Reviews income, credit, down payment and property details before recommending a lender
- Submits your application and supporting documents to the lender on your behalf
- Explains terms, prepayment privileges and penalties — not just the interest rate
- Coordinates conditions, appraisal and lawyer instructions through to closing
Agent, broker, brokerage — what the words mean in Ontario
In Ontario, "agent" and "broker" are specific licence classes issued by FSRA, while "brokerage" is the licensed company the individual works under. In everyday marketing the word broker is used broadly for anyone arranging mortgages through multiple lenders — which is why you'll see both terms used on this site. The regulatory designations shown in the footer and on the about page are the accurate ones.
How I'm compensated
On most standard residential mortgages placed with a prime lender, the lender pays the brokerage a finder's fee on funding, so the client does not pay a fee directly. On some alternative, private or complex files a broker fee may apply — if that's the case on your file, it is disclosed in writing before you commit to anything.
Verifying any Ontario mortgage professional
You can look up any licensed agent, broker or brokerage on FSRA's public register before you share personal information. It's a two-minute check and worth doing with anyone you deal with, including me.
Related reading
Questions people ask
Is a mortgage agent the same as a mortgage broker?+
In Ontario they are distinct FSRA licence classes with different requirements, though both arrange mortgages through licensed brokerages. In general conversation people use the terms interchangeably.
Do I pay a mortgage agent in London, Ontario?+
On typical prime residential deals the lender pays the brokerage on funding, so there is no direct cost to you. Alternative or private files can carry a broker fee, which must be disclosed in writing beforehand.
How do I verify a licence?+
Search the FSRA public register using the individual's name or licence number. Mine is M25002951, under The Mortgage Firm Inc., brokerage licence #13466.
Can you help outside London?+
Yes. I'm licensed across Ontario and regularly work with clients in St. Thomas, Ingersoll, Woodstock, Strathroy and the surrounding area, as well as further afield in Ontario.
Have a question about your file? Ask directly.
A short conversation is usually enough to know what's realistic. No obligation, no pressure.