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Mortgage Broker News | 05 Nov 2015, 06:03 AM Agree 0
(Bloomberg) -- Home Capital Group Inc., Canada’s largest alternative-mortgage provider, said an investigation into loans with faulty income information is set to continue through most of next year.
  • steve kates v.p. | 05 Nov 2015, 09:17 AM Agree 0
    home trust is a great company to deal with Northwood mortgage has been one of their top brokers for many years .if I find one of my agents falsifying document they would no longer work for us
  • Walter Scott | 08 Nov 2015, 05:59 PM Agree 0
    Why they are cutting off 45 brokers? The borrowers are supplying income documents and broker just passing it to the lender....
  • Ron Butler | 10 Nov 2015, 09:38 AM Agree 0
    Walter that is a very silly remark. Somehow ALL of these broker's clients send phoney docs, hundreds and hundreds of them? What remarkable coincidence. If you believe that I have bridge in New York that might be available for sale.
  • Ann Todd | 10 Nov 2015, 02:11 PM Agree 0
    Walter, a broker's role is to do their best for their clients while protecting their lender partners. We're not simply paper pushers taking whatever clients provide and submitting the paperwork to lenders. If this is all you do, expect to have a lot of issues on files and you will be cut off sooner or later. Due diligence is required on every file. There are numerous ways you as a broker should be screening clients to ensure the information they provide to you is accurate.
  • Michael | 11 Nov 2015, 08:35 AM Agree 0
    Something smells fishy about this whole matter. Home Capital is a non prime lender so required docs are lose to begin with. 1.72 billion is a big spread to have your eyes open to the matter. Not to mention home capital senior management has a tight grip on all deals
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