Mortgage Squad vs. The Mortgage Group (2026): An Honest Comparison for Agents
Considering The Mortgage Group (TMG) versus Mortgage Squad for your licence? Here's a fair comparison framework and the questions that reveal which one fits you.
Considering The Mortgage Group (TMG) versus Mortgage Squad for your licence? Here's a fair comparison framework and the questions that reveal which one fits you.
The Mortgage Group (TMG) is a long-established national brokerage and a common option for agents deciding where to license. This is an honest, competitor-written comparison with Mortgage Squad — treat it as a framework and verify the specifics with each brokerage directly.
The short answer
The Mortgage Group is an established national brokerage with a recognized brand and a wide agent base. Mortgage Squad is a boutique FSRA-licensed brokerage (#13737) built on published commission tiers, low/refundable fees, and live training with one-on-one mentorship. The decision comes down to a national brand versus a transparent, hands-on home brokerage. See careers at Mortgage Squad.
Who The Mortgage Group is
TMG is one of Canada's long-standing national mortgage brokerages, with a recognized brand and agents across the country. As with most national models, the terms that shape your income — split, fees, and the training you actually get — can vary depending on the team or office you join, so it's worth asking for the exact figures rather than relying on the brand alone.
The four things that actually matter
- Commission split — and whether it's published or quoted privately.
- Monthly/desk fees — fixed, refundable, and what they include.
- Training — live and ongoing vs. a recorded library.
- Mentorship — structured one-on-one vs. an open-door promise.
Use the framework in the best brokerage to work for and commission splits explained.
What Mortgage Squad offers
- Published commission tiers — 60% in training (Broker Manager on every deal) up to 100% at high funded volume (tier table).
- One $100/month platform fee, fully refunded at $5M+ funded.
- Live training, weekdays and weekends, led by our Broker Manager (training).
- Structured one-on-one mentorship with a senior broker on your early deals (mentorship).
Who each suits
An established national brokerage like TMG can suit agents who value a known brand and a large peer network. Mortgage Squad suits agents who want published, consistent terms and direct mentorship from our Broker Manager. As always, the right pick is the one that gets you funding deals and through the first two years (is it worth it).
Questions to ask
- What's my exact split, and is the schedule published?
- What are all the fees, and is any refundable?
- Is training live and ongoing? Who leads it?
- Will a senior broker work my first deals with me?
- What's included vs. extra?
Frequently asked questions
Is Mortgage Squad or The Mortgage Group better for agents?
It depends on your priorities — an established national brand (TMG) versus published tiers and hands-on support (Mortgage Squad). Newer agents should weigh live training and structured mentorship most.
How do the commission structures compare?
Mortgage Squad publishes its tiers (60% to 100%). In national models, splits can vary by team or office, so confirm the specific number where you'd actually be working.
Which is better for a new agent?
Whichever provides genuine live training and a mentor on your early deals — that support, more than the brand, determines whether you succeed.
Is this an unbiased comparison?
No — it's written by Mortgage Squad, so confirm details with each brokerage. The framework, however, is useful no matter who you pick.
Exploring your options? Apply confidentially or read more about careers at Mortgage Squad.
Mortgage content produced by Mortgage Squad Advisors' team of FSRA-licensed mortgage advisors and reviewed under the supervision of the brokerage's Principal Broker (FSRA Brokerage #13737) before publication.