Urgent Mortgages Inc. (we) and The Borrower/s (you)

1) Term of Agreement

a) This Agreement begins upon the submission of your Online Application. It ends with either the funding of the loan, mortgage, etc. or when your approval is declined.

2) Services

a) We will collect your personal information to determine your identity and credit eligibility.

b) We will submit your financing application and other documentation to the lender.

3) Personal and confidential information

a) You give your consent to us to collect, maintain, use, and disclose your personal information for the purpose of this Agreement and for all uses consistent with arranging and/or renewing loans, mortgages or another financing to lenders.

b) You agree we will collect your personal information from any person or source that has personal information about you. You authorize them to release your personal information to us.

c) You agree we can provide your personal information and financing application to each potential lender, insurer, insurance agent/broker or service provider, and they may receive this information, maintain records relating to you, including your Social Insurance Number if you provide it.

d) You agree, each potential lender, and we can verify any information from any source for the purposes of this agreement and arranging and/or renewing loans, mortgages, or other financing.

e) You agree we will retain your personal information for safekeeping in accordance with Provincial Acts, the Personal Information Protection Act (PIPA), and the Personal Information Protection and Electronic Documents Act (PIPEDA), whether or not your financing is approved or funded. You agree we may hold the information securely with access restricted to individuals having a need to deal with the information.

f) We will not:

i) give out any of your confidential information without your consent, unless required by law.

ii) use confidential information we receive from you or that we get from performing under this agreement for any other purpose than those in this agreement unless you agree in writing.

g) Our duty to keep your information confidential continues after this agreement ends.

h) You understand the use of the information is to determine your credit eligibility.

i) You agree we may advise only people you authorize in writing about the progress of your application.

j) You agree we may add your name and contact information to our client lists at the end of the term of this service agreement.

4) Our responsibilities

a) We will review your personal information and documents received to confirm your identity and your credit eligibility. If further verification is required, we will notify all parties to any potential transaction of any changes.

b) We may provide related financial services.

c) We will act as an intermediary between you and the lender(s).

1) Our responsibilities to you in an intermediary relationship include:

(1) be honest;

(2) exercise reasonable care and skill;

(3) gather your intended property and financial information to determine the lending options available to you;

(4) disclose and explain finance options for your consideration;

(5) complete and submit documentation to the lender; and

(6) keep you informed of the progress of your application.

2) Our responsibilities to the lender are:

(1) be honest;

(2) exercise reasonable care and skill;

(3) complete and submit documentation to the lender;

(4) disclose what steps were taken to verify information and documentation as part of the application process; and

(5) keep the lender informed of the progress of the application.

5) Your responsibilities:

a) Communicate and cooperate with us.

b) Be honest

c) Give us personal and financial information and keep us updated on any changes.

6) Credit Bureau Consent:

a) You authorize us to obtain credit report(s) from Equifax and/or TransUnion.

7) Our fee

a) We will receive our fee for regular mortgage transactions from lenders. Transactions where a fee is payable by you, an up-front disclosure will be made to you.

b) We may (will) also receive monies or non‐monetary benefits from the lender that include additional or reduced fees based on our volume of business with the lender, our efficiency with the lender, because you are paying a lower rate than otherwise is available with this particular lender, travel/gifts, attendance at seminars or conferences:

8) An early end to this agreement

a) Any early termination of this agreement can take place because of the following:

i) we both agree in writing to an earlier end date.

ii) our license to deal in mortgages is suspended or canceled.

iii) we are bankrupt, insolvent, or we are in receivership.

iv) you materially breach this agreement and we give you written notice to end it, or we materially breach this agreement and you give us written notice to end it.

If the agreement ends for any of these reasons, there will be no effect on our rights and your rights under this agreement.

9) Other details about this agreement

a) The laws of the Province of Ontario govern this agreement.

b) Words in the singular meaning may be read as plural when required by the context.

c) The clause numbers will change as necessary if there are changes in this agreement.

d) Any future changes to this agreement must be in writing and signed by both of us to be effective.

e) You agree with the information provided to us and the financing application is true and correct.

f) You acknowledge this agreement accurately sets out what both of us agree to

g) You acknowledge that you have read and received a copy of this Agreement.

10) Contact information

a) You and we may communicate and deliver documents and information to each other in person, by mail, or electronically. You and we acknowledge there are risks with each of these methods and we have explained these risks to you.

b) We will use the following contact information for all written communications between both of us. Both of us must tell each other in writing within two business days of the change of this information.

I/we agree to these terms