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2026 guide

The complete tool guide for Canadian mortgage brokers

Find where every deal gets approved, then run the rest of your brokerage. This guide covers the 5 tool categories every Canadian broker needs, starting with the one no other platform does: testing a scenario against 40+ lenders in 2 minutes.

See where your deal gets approvedView all plans

Essential tools

The 5 tool categories every broker needs

What a working Canadian brokerage runs, from lender matching to automation, with what we recommend in each.

  1. 01

    Lender matching and 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.

    Recommended

    bips Placement Engine

    Invite-only, $150/month. The only AI-powered lender matching tool for Canadian brokers, and the reason bips exists.

    Alternatives

    • Lender Spotlight$99+/mo (criteria reference only, not deal-specific)
    • Manual spreadsheetsFree (hours of your time)
    Learn more
  2. 02

    CRM and client management

    Track every contact, deal, and renewal. The backbone of any brokerage.

    Recommended

    bips CRM

    $29/month with a 14-day free trial: unlimited contacts, pipeline tracking, renewal reminders, document checklists.

    Alternatives

    • BluMortgage$99+/mo
    • Jungo$150+/mo
    • Aidium$150+/mo
    Learn more
  3. 03

    Deal submission

    Submit mortgage applications to lenders electronically.

    Recommended

    Filogix Expert

    Industry standard, typically provided by your brokerage at no extra cost.

  4. 04

    Mortgage calculators and tools

    Payment calculators, stress test tools, and affordability analysis.

    Recommended

    bips calculators

    Free with any bips plan: payment, affordability, and stress test calculators.

    Alternatives

    • Karl's Mortgage CalculatorFree
    • RatehubFree (ad-supported)
    Learn more
  5. 05

    Automation and productivity

    Scheduling, e-signatures, and workflow automation to save hours every week.

    Recommended

    Zapier + Calendly + DocuSign

    Pair dedicated tools for scheduling, signatures, and workflow automation.

New brokers

Recommended stack for new brokers

Just getting started? The simplest path to a working brokerage, in 3 steps.

Step 1

bips

14-day CRM trial

Track your clients and renewals from day one. The Placement Engine, which tests deals against 40+ Canadian lenders, is invite-only: join the waitlist after you sign up.

Step 2

Filogix Expert

Via your brokerage

Submit deals to lenders. Your brokerage typically provides access as part of your onboarding.

Step 3

bips Pro

$150/month

Once you are invited in, unlimited matching and unlimited re-runs on every deal.

Start with step 1, free

Costs

How much does it cost to run a brokerage?

What each stack actually costs, per month and per year.

StackMonthlyAnnual
Starting stackbips CRM + Filogix (via brokerage)$29/mo$348/yr
Working stackbips Pro (unlimited placements) + bips CRM + Filogix$179/mo$2,148/yr
Competitor stackBluMortgage + Lender Spotlight$200+/mo$2,400+/yr

Start with the CRM, add Placement at $150/month

Start with the bips CRM at $29/month after a 14-day free trial, and Filogix via your brokerage. The Placement Engine is invite-only: join the waitlist and add it at $150/month once you are in. No large upfront investment required.

Frequently asked questions

Common questions about mortgage broker tools and software.

What tools does a mortgage broker need?
A Canadian mortgage broker needs 5 things, in this order: (1) a placement tool to find which lenders will approve a specific deal, (2) deal submission software such as Filogix Expert, (3) client and deal tracking for pipeline and renewals, (4) Canadian mortgage calculators, and (5) optional automation. bips covers placement, client tracking, and calculators: the Placement Engine is invite-only and $150/month for unlimited placements, and the bips CRM is $29/month after a 14-day free trial.
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 lender matching software?
Lender matching software takes a specific client scenario (income, property, credit, debts) and works out which lenders will actually approve it. bips uses AI to test a scenario against 40+ Canadian lenders in about two minutes, applying each lender's live guidelines and correct Canadian math, and returns ranked results with rates and the reason each lender approved or declined. Criteria references such as Lender Spotlight show published guidelines but leave the matching to the broker.
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). Invite-only, at $150/month. Lender Spotlight offers a criteria reference but does not do deal-specific matching.
What's the best software for new mortgage brokers?
New brokers should start with Filogix Expert from their brokerage for submission, and a placement tool. New brokers lose the most time guessing at lender fit, so placement is the highest-value software early. The bips Placement Engine is invite-only at $150/month. When you have a pipeline to track, the bips CRM is $29/month after a 14-day free trial.
How much does mortgage broker software cost?
A working Canadian placement stack is the bips Placement Engine, which is invite-only at $150/month for unlimited placements, plus Filogix Expert which the brokerage typically provides. Also, the bips CRM is $29/month after a 14-day free trial. A competing stack of a standalone CRM plus a lender criteria reference runs $200+/month and still leaves the matching to the broker.
Do I need a mortgage-specific CRM or can I use a generic one?
Generic CRMs like HubSpot or Salesforce require extensive customisation to handle mortgage stages, renewal tracking, document checklists, and lender data. A mortgage-specific tool works out of the box. It does not have to be expensive though: the bips CRM is mortgage-specific, costs $29/month, and attaches placements straight to the client file.
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, correct Canadian calculators, and a $29/month mortgage CRM in one place.

Ready to build your broker toolkit?

Start with the CRM and join the Placement Engine waitlist. Add automation as you grow.

Create an accountView pricing

14-day CRM trial. No credit card required. bips CRM is $29/month after a 14-day free trial.