Table of Contents: April 2017

Chair’s Message – Christine Zwozdesky


Have your say! RECA encourages industry professionals to take part in discussions about Council’s openness and transparency.

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Mortgage Broker Practice Advisor Available to Answer Broker Questions


RECA hired industry veteran Gary Siegle as the RECA Mortgage Broker Practice Advisor. Mortgage brokers and delegates should contact him directly with any questions relating to brokerage practice, licensing issues, and brokerage administration.

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Council Highlights


Council reviewed industry feedback about the RMS, and directed administration to formally consult with stakeholders on RECA’s Stakeholder Engagement Policy.

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Educate Your Clients About Mortgage Approvals for New Construction


Sometimes a year or more passes between a lender approving a mortgage and the construction of a property. A lot can happen in a year. Make sure you educate your client on the possibility of a lender re-considering their mortgage approval.

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No Changes to RMS Principle 4


After reviewing stakeholder feedback, RMS Principle 4 remains the same. Review Council’s rationale and future RMS plans.

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Have Your Say: RECA Openness and Transparency Survey


Let us know what you think! The consultation period on RECA’s Openness and Transparency Discussion Paper is open until May 29, 2017. Read the discussion paper, and complete the short survey or send us an email directly. We want to hear from all our stakeholders.

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Leadership Highlight: Joseph Fernandez


One of RECA’s longest-tenured employees, Joseph Fernandez has overseen nearly every aspect of RECA’s operations. From Audit and Investigations to the Office of the Registrar, he’s seen it all.

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News Bytes


Reminder: Mortgage Brokers selling insurance must renew their insurance licence –


Case Summaries now contain helpful practice tips – Reminder: you can use RECA’s logo in your marketing materials

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