Mortgage Squad vs. Indi Mortgage (2026): An Honest Comparison for Ontario Agents

Indi Mortgage is an agent-first mortgage brokerage in Canada with a focus on technology and broker support — and it shows up on shortlists when agents are researching where to license or transfer. This article is written by Mortgage Squad, so treat it as a framework, not a final verdict. Verify the specifics with each brokerage directly before you commit. That said, the criteria below are the right ones to dig into regardless of which direction you go. For a broader view of the market, see the best brokerages to work for in Ontario.

The short answer

Indi Mortgage is a Canadian brokerage that positions itself around technology tools and agent empowerment. Mortgage Squad is a boutique FSRA-licensed brokerage (#13737) with published commission tiers, a single low and refundable platform fee, and live daily training led by our Broker Manager. Both are agent-focused, but they differ on fee transparency, training format, and mentorship structure. Explore careers at Mortgage Squad.

Who Indi Mortgage is

Indi Mortgage operates as an agent-first brokerage in Canada, emphasizing technology and broker support as core pillars. That positioning resonates with agents who want modern tools and autonomy. The specific terms that matter most to your bottom line — commission split, monthly fees, training format, mentorship structure — are things you will need to confirm with Indi directly. The "agent-first" and "tech-enabled" labels describe a philosophy; your due diligence is to ask how that philosophy shows up in the actual contract. See the full list of questions to ask before joining a brokerage.

The four things to compare at any brokerage

Whether you're evaluating Indi Mortgage, Mortgage Squad, or any other option, these are the variables that define your first few years:

• Commission split — Is the schedule published in writing, or do you only learn the number after a conversation?
• Monthly and desk fees — What are all the fees, listed out, and is any portion refundable if you hit a production milestone?
• Training — Is it live and ongoing with a senior practitioner, or a static course library you work through alone?
• Mentorship — Will a senior broker work your early deals with you, or is support a general promise with no defined structure?

These four criteria do more to predict whether a new agent builds a sustainable business than almost anything else. The training and mentorship guide explains exactly what to look for and what questions to ask.

What Mortgage Squad offers

Mortgage Squad is a boutique, FSRA-licensed brokerage (#13737) in Ontario. Everything below is published and consistent — no private negotiation:

• Published commission tiers — 60% while in training (our Broker Manager is on every deal) rising to 100% at high funded volume. The schedule is available in writing before you apply. (Commission tier table.)
• A single $100/month platform fee, fully refunded at $5M+ funded. No desk fee, no franchise royalty, no surprise tech charges — one number, clearly stated, refundable for active producers.
• Live training every weekday and weekend, led by our Broker Manager — not a recorded library, not a junior coordinator. (Training details.)
• Structured one-on-one mentorship with a senior broker on your early deals, so you learn deal structure, lender relationships, and client communication from real transaction experience. (Mentorship program.)

How the commission structures compare

Mortgage Squad's split schedule is published at /careers/commission — readable before any commitment. Indi Mortgage's terms are not something we can accurately state; ask them directly and confirm whether the split is consistent across deal types and lenders, or varies by tier. If it isn't in writing, that is itself useful information. Here's a plain-language guide to how splits work so you know how to evaluate what you're told.

Is Indi Mortgage good to work for?

It depends on what you need. Agents who operate independently and already have a pipeline may thrive in a tech-enabled, autonomous environment. Agents who are newer to the industry — and want a principal broker on their early deals, daily live coaching, and a clear pathway to higher splits — will want to confirm whether those features exist in a defined, structured way. Speak with current agents and agents who have since moved on; both perspectives matter more than any comparison article. For a wider view, see the best brokerages for new agents in Canada.

Alternatives to Indi Mortgage

The main alternatives range from national franchise networks (Dominion Lending Centres, Mortgage Alliance, VERICO) — which offer scale and brand recognition — to boutique independents like Mortgage Squad that offer direct principal broker access, published terms, and personalized support. The right fit depends on your priorities. See franchise vs. independent mortgage brokerage for that trade-off, and comparisons to Dominion Lending Centres, Mortgage Alliance, and VERICO for more side-by-sides.

Frequently asked questions

Is Indi Mortgage good to work for?

Indi Mortgage positions itself as an agent-first brokerage with a technology focus, which suits agents who value autonomy and modern tools. Whether it's a good fit for you specifically depends on your experience level, how much structured support you need, and what the actual contract terms look like. Speak with current and former agents before deciding.

What is the Indi Mortgage commission split?

We won't state a specific number because we can't verify it. Ask Indi Mortgage directly for their published split schedule, and confirm whether the split is consistent across all deal types and lenders or whether it varies by volume, team, or channel. If it isn't documented in writing, that itself is a useful data point.

Are Indi Mortgage reviews positive?

Reviews exist across Google, Indeed, and LinkedIn, but agent-experience reviews carry more weight than consumer mortgage reviews when you're evaluating a brokerage to join. Look specifically for feedback from agents in a similar stage of their career to where you are now, and seek out both positive and critical perspectives.

What are the best alternatives to Indi Mortgage for Ontario agents?

Key alternatives include national franchise networks (Dominion Lending Centres, Mortgage Alliance, VERICO), mid-size independents, and boutique brokerages like Mortgage Squad. Evaluate on published splits, fee transparency, live training access, and whether mentorship is structured or informal. See the best brokerages to work for in Canada for a broader comparison.

Is this comparison unbiased?

No — this article is written by Mortgage Squad. The framework is fair and the information about Indi Mortgage is kept deliberately generic to avoid misrepresenting terms we cannot verify independently. Confirm details directly with both brokerages before making any decision. The questions in this article are the right ones to ask either way.

Want to see what Mortgage Squad looks like up close? Apply confidentially or browse all careers at Mortgage Squad — no obligation, no pressure.