Business Details
Trusted Mortgage Broker Compliance Solutions
Rmanet has been a trusted partner for mortgage brokers since our establishment, providing comprehensive compliance, commission processing, and audit support services. Our team specializes in streamlining mortgage transactions through standardized documentation protocols, regulatory adherence, and efficient file management systems. We maintain rigorous compliance with Financial Services Commission of Ontario (FSCO) regulations while offering brokers access to critical resources including lender risk tolerance forms, mortgage application templates, and detailed compliance guidelines.Our experienced professionals provide ongoing support for commission submissions, audit requirements, and regulatory updates, ensuring brokers can focus on client relationships while maintaining full regulatory compliance. Through our centralized submission process and weekly commission payouts, we deliver reliable administrative infrastructure for mortgage professionals across Ontario.
Services
Mortgage Brokering
Compliance Management
Commission Processing
Audit Guidelines
Private Mortgage Support
Highlights and features
- We maintain FSCO Licence #10464 with rigorous regulatory compliance protocols
- Our team provides weekly commission payouts with 48-hour turnaround times
- We offer comprehensive compliance guidelines for all mortgage product types
- Our audit-ready submission process reduces administrative burdens for brokers
- We provide specialized support for private mortgage transactions and syndicated deals
Associations and certifications
- Financial Services Commission of Ontario (FSCO)
Services
Mortgage Brokering
We facilitate residential and commercial mortgage transactions through standardized compliance processes and lender partnerships. Our services include application processing, risk assessment, and regulatory documentation preparation. Brokers access our centralized platform for submitting complete mortgage files with required disclosures, credit authorizations, and lender commitments.
Compliance Management
Our compliance framework ensures adherence to FSCO regulations through detailed audit guidelines and submission protocols. We provide brokers with updated forms, risk tolerance assessments, and disclosure templates. Our team conducts file audits to verify compliance with mortgage broker licensing requirements and disclosure obligations.
Commission Processing
We manage commission calculations and payments through our weekly submission cycle. Brokers submit complete files by Wednesday deadlines to receive payments the following week. Our system tracks broker fees, volume bonuses, and trailer fees while deducting credit bureau costs and desk fees according to established protocols.
Audit Guidelines
Our audit procedures verify mortgage file completeness and regulatory compliance. We check documentation order, form accuracy, and disclosure requirements against our mortgage checklist. Brokers receive deficiency notifications for non-compliant submissions and must resubmit complete files for payment processing.
Private Mortgage Support
We support private mortgage transactions through specialized documentation requirements. Our services include investor risk tolerance assessments, indemnity forms, and private lender compliance checks. Brokers access specific guidelines for MIC-funded mortgages and sophisticated investor disclosures.
People
Minesh Thakkar
Manager of Compliance
Minesh oversees all compliance operations with over 15 years of mortgage industry experience. He ensures adherence to FSCO regulations and manages the compliance audit process.
Estrela Medeiros
Compliance Auditor/Payroll Administrator
Estrela manages compliance audits and payroll processing with expertise in mortgage documentation standards. She provides detailed feedback on file deficiencies and payment eligibility.
Ron De Silva
Broker of Record
Ron serves as the licensed Broker of Record with extensive experience in mortgage transaction oversight. He ensures regulatory compliance across all brokerage operations.
Questions
What mortgage types do you support?
We support all conventional mortgages including fixed/variable rates, HELOCs, reverse mortgages, and private mortgage transactions.
When do brokers receive payments?
Commissions are paid weekly on Wednesdays for complete files received by the previous Wednesday deadline.
What compliance resources are available?
We provide audit guidelines, disclosure templates, risk tolerance forms, and regular compliance webinars for mortgage professionals.
How are private mortgages handled?
Private mortgages require investor risk tolerance forms, indemnity agreements, and specific documentation protocols outlined in our compliance guidelines.
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