Question 1

Who can rate and review lenders on RateMyLenders?

Accepted Answer

Only actively licensed Canadian mortgage brokers and sub-mortgage brokers registered with provincial regulatory bodies (such as BCFSA in British Columbia and FSRA in Ontario) can post reviews and access unredacted lender dossiers.

Question 2

Are broker reviews confidential and anonymous?

Accepted Answer

Yes. RateMyLenders utilizes double-blind regulatory verification. License status is cryptographically authenticated, but all reviews, ratings, and deal insights remain 100% anonymous to lenders and the public.

Question 3

What metrics are tracked for Canadian mortgage lenders?

Accepted Answer

RateMyLenders tracks live 90-day turnaround SLAs, condition fulfillment speeds, underwriting flexibility on salaried and self-employed files, BDM responsiveness, and closing ease across Prime Banks, Credit Unions, Alternative B-Lenders, and MICs.