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Mortgage Broker News | 14 Aug 2015, 08:15 AM Agree 0
Recent fraud concerns have highlighted the industry’s growing emphasis on accurate and up-to-date client documentation, especially for self-employed clients, say broker channel veterans
  • Tomas | 14 Aug 2015, 10:17 AM Agree 0
    No need to worry about this. White collar crime isn't considered a serious offence in Canada. No person has been sentenced to a single day of jail time for fraud in the last 30 years. Many prosecutions, but no jail time.
  • Gary Chungh | 14 Aug 2015, 10:43 AM Agree 0
    Its going to be more miss up, as we see rate war and this mortgage industry, customer don't have any respect so far. Expectations are so high and no one wants to take responsibility nor the customer and nor the lender.
  • Paul | 14 Aug 2015, 08:25 PM Agree 0
    I HEARD that some banks staff will tailor make clients income and employment information to qualify mortgage.

    Some bank staff, not made for client but will turn a blind eye on information and document from client.

    How to verify the client employment ? Is it enough to call his office and verify with his boss about his employment ? Who knows if his boss is REAL ??

    Mortgage broker is not GOD and we do see people's mind, right ?

    If the lender thinks the document is falsified, report to police because it is crime, don't just chase the mortgage broker !
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