The Complete Tool Guide for Canadian Mortgage Brokers
Find where every deal gets approved — then run the rest of your brokerage
bips is a placement engine first: test a scenario against 40+ Canadian lenders in 2 minutes. This guide covers the 5 essential tool categories every Canadian mortgage broker needs, starting with the one no other platform does.
The 5 tool categories every broker needs
From lender matching to automation, here's what makes up a modern mortgage broker's technology stack.
01
Lender Matching & Placement (the deal-specific step no other platform does)
Find the best lender products for each client scenario across 40+ lenders in 2 minutes, not 2 hours of manual research.
$150/month: the only AI-powered lender matching tool for Canadian brokers — this is what makes bips different
Alternatives:
02
CRM & Client Management
Track every contact, deal, and renewal. The backbone of any brokerage.
Included with every bips plan: unlimited contacts, pipeline tracking, renewal reminders, document checklists
Alternatives:
03
Deal Submission
Submit mortgage applications to lenders electronically.
Industry standard, typically provided by your brokerage at no extra cost
04
Mortgage Calculators & Tools
Payment calculators, stress test tools, and affordability analysis.
Free with any bips plan: payment, affordability, and stress test calculators
Alternatives:
05
Automation & Productivity
Scheduling, e-signatures, and workflow automation to save hours every week.
Combine best-in-class tools for scheduling, signatures, and workflow automation
Recommended stack for new brokers
Just getting started? Here's the simplest path to a fully operational brokerage in 3 steps.
bips
Free for 3 placements
Place your first deals against 40+ Canadian lenders and track your clients in the same tool. No credit card.
Filogix Expert
Via your brokerage
Submit deals to lenders. Your brokerage typically provides access as part of your onboarding.
bips Pro
$150/month
When your volume outgrows 3 placements, unlimited matching and unlimited re-runs on every deal.
How much does it cost to run a brokerage?
Your technology stack doesn't have to break the bank. Here's what it actually costs.
| Stack | Monthly | Annual |
|---|---|---|
| Starting Stack bips free tier + Filogix (via brokerage) | $0/mo | $0/yr |
| Working Stack bips Pro (unlimited placements, client tracking included) + Filogix | $150/mo | $1,800/yr |
| Competitor Stack BluMortgage + Lender Spotlight | $200+/mo | $2,400+/yr |
Start free, upgrade at $150/month
With bips CRM and Filogix (via your brokerage), you have a fully operational technology stack from day one. No massive upfront investment required.
Frequently asked questions
Common questions about mortgage broker tools and software.
What is a mortgage placement engine?
A placement engine tests a specific borrower scenario against every lender's live criteria to find where the deal will actually be approved, instead of you manually checking rate sheets one lender at a time. bips is the leading AI-powered placement engine for Canadian mortgage brokers, testing deals against 40+ lenders in 2 minutes.
What is the best lender matching software for Canadian mortgage brokers?
bips is the only AI-powered, deal-specific lender matching platform for Canadian brokers. It tests a scenario against 40+ lenders in about two minutes and returns which will approve it, with correct Canadian mortgage math (semi-annual compounding, stress test, CMHC tiers). Free for 3 placements, then $150/month. Lender Spotlight offers a criteria reference but does not do deal-specific matching.
What tools does a mortgage broker need to get started?
Two things. A placement tool to find which of 40+ lenders will approve a specific deal (bips, free for 3 placements then $150/month), and deal submission software (Filogix Expert, typically provided by your brokerage). Client and deal tracking is included with bips, so a separate CRM subscription is not needed to start.
How much does mortgage broker software cost per month?
It starts at $0: bips is free for your first 3 placements and includes client and deal tracking, and Filogix Expert comes via your brokerage. Unlimited placements are $150/month. A competing stack of a standalone CRM plus a criteria reference runs $200+/month and still leaves the matching to you.
Do I need a mortgage-specific CRM or can I use HubSpot?
You need somewhere to track clients, renewals, and documents, but it does not have to be a separate subscription. Generic CRMs need heavy customisation to handle mortgage stages, renewal tracking, and document checklists. bips includes mortgage-specific client and deal tracking with every plan, including the free one, with placement built into the same record.
Can bips replace multiple tools I'm currently using?
For most brokers it replaces a criteria reference, a standalone mortgage CRM, and a pile of calculators. bips combines deal-specific lender matching, client and deal tracking, and correct Canadian calculators in one plan rather than three subscriptions.
Ready to build your broker toolkit?
Test your first deal against 40+ lenders free. Add CRM and automation as you grow.
First 3 placements free. No credit card required. Client and deal tracking included from day one.