Mortgage agent jobs in Thunder Bay
Mortgage agent jobs in Thunder Bay are commission only, with no base salary. You need an Ontario mortgage agent licence from FSRA, and you can work remote or hybrid. We sponsor and train new agents, and welcome licensed agents who want to switch.
Mortgage Squad Advisors is where mortgage agents in Thunder Bay build a bigger book: $0 monthly fee for producers, live + virtual training, your own brand leads at full split plus house leads at 40/60, 100+ A/B/private lenders, and AI tools that do the busywork. FSRA Licensed #13737.
Most affordable Ontario major. First-time + relocation flow. For an agent in Northern ON, that’s real, fundable volume — and with our full A/B/private lender shelf you can place the files Thunder Bay actually has.
The Thunder Bay market for mortgage agents
Thunder Bay is among Ontario's most affordable major centres, so first-time buyers and relocating workers carry the market. Detached homes remain attainable on a single income here, which keeps the financing conversation focused on documentation rather than price.
What a funded deal is worth in Thunder Bay
At Thunder Bay’s median single detached home price of about $405,819, a typical 80% loan-to-value mortgage is roughly $325,000. Lender finder’s fees on a deal that size usually run $2,600–$3,600 (about 0.8–1.1% of the mortgage) — and as a producing Mortgage Squad agent you keep up to 100% of it.
Illustrative, based on the Northern ON median selling price — your actual commission depends on the lender, the file and your split, and this is not a guarantee of earnings.
What do agents get when they join?
$0 fee for producers
No monthly desk fee for producing agents — your $150/mo is reimbursed when you fund $10M (or 15 deals) in a year.
Your leads + house leads
Leads you generate through your own brand and subdomain are 100% yours at your full split — plus house leads from our brokerage marketing at a 40/60 split on top.
Heavy training
Live and virtual sessions multiple times a week — underwriting, lender programs, and lead-gen.
Mentorship
A seasoned broker manager and team behind every file you submit.
100+ lenders
Full access to A, B, and private lenders — including the specialists most banks can't match.
AI + technology
Maya, our client-facing AI assistant, and Harvey, our back-office file tool, take the admin off your plate so you can spend your time with clients.
Free cards + headshots
Professional headshots and business cards to launch your personal brand.
Brand + lead-gen help
Marketing, lender presentations, and a special underwriting course to grow your book.
How to become a mortgage agent in Thunder Bay
- 1. Complete the mortgage agent (Level 1) course approved by FSRA — Ontario’s mortgage regulator — and pass the licensing exam.
- 2. Get sponsored by a licensed brokerage — Mortgage Squad sponsors and onboards new agents in Thunder Bay.
- 3. Complete our onboarding + training, get your lender codes, and start writing deals with mentorship behind you.
Careers FAQ — Thunder Bay
Questions about joining? Explore careers or call (905) 553-8550.
Do mortgage agent jobs in Thunder Bay pay a salary?+
Mortgage agent jobs in Thunder Bay are commission only, with no base salary. You need an Ontario mortgage agent licence from FSRA, and you can work remote or hybrid. We sponsor and train new agents, and welcome licensed agents who want to switch.
How do I become a mortgage agent in Thunder Bay?+
In Ontario, you complete the FSRA-approved mortgage agent (Level 1) course, pass the exam, and get sponsored by a licensed brokerage. Mortgage Squad Advisors (FSRA #13737) sponsors and trains new agents in Thunder Bay — we'll walk you through licensing end to end.
What does it cost to join Mortgage Squad in Thunder Bay?+
There is no monthly fee for producing agents. The $150/month is fully reimbursed once you fund $10 million (or complete 15 funded deals) in a calendar year — so for active agents it's effectively $0. No franchise or desk fees.
Do you provide leads to agents in Thunder Bay?+
Yes — two ways. Leads you generate through your own brand and subdomain are 100% yours at your full split. On top of that, we hand you house leads from our own brokerage marketing at a 40/60 split (you/brokerage) — extra deals you wouldn't otherwise have, never distributed by seniority. We also help you generate your own through marketing, your personal brand, and lender presentations.
Can I switch my brokerage to Mortgage Squad in Thunder Bay?+
Yes — many of our agents transferred from other brokerages. We make the move in Thunder Bay simple: FSRA licensing transfer, lender re-papering, and onboarding are handled for you, usually within days.
What training and support do new agents get?+
Live + virtual training multiple times a week, one-on-one mentorship, a dedicated underwriting course, lead-generation coaching, and 24/7 communication. New agents in Thunder Bay are never on their own.
What lenders will I have access to?+
Our full network of 100+ lenders — the big banks, monoline A-lenders, credit unions, alternative/B-lenders, and private/MIC lenders — so you can place Thunder Bay files most brokerages would have to turn away.
Is Mortgage Squad licensed in Ontario?+
Yes. Mortgage Squad Advisors holds FSRA Brokerage Licence #13737, and every agent we sponsor is licensed by FSRA and FINTRAC-trained.
Careers in other Ontario markets
All careers →Build your mortgage career in Thunder Bay.
Newly licensed or switching brokerages — let's talk. No pressure, just a real conversation about your growth.