Canada Compliance Support Network

02/26/2021

https://www.cbc.ca/news/canada/british-columbia/shadow-mortgage-broker-money-laundering-1.5926924

A so-called “shadow” mortgage broker responsible for securing more than half a billion dollars' worth of home financing through the use of altered tax and bank documents says there will always be a demand for the services of people with his skills.

05/26/2020

Ricky Kanwal's case has sparked a fresh conversation around ethics in the lending space

03/24/2020

Brokers and agents in Ontario have now until May 31st, 2020 to renew their license - this extension was granted by FSRA

03/24/2020

FSRA extend mortgage brokerages in Ontario the deadline for filing their AIR until June 30, 2020.

02/17/2020

March 31st is the deadline for renewing your license - but you firstly need to complete your CE course.

Principal Brokers have their Annual Information Returns due as well...

Don’t wait and complete them as soon as you possibly can.

01/31/2020

As home prices start to escalate again, real estate lawyers have been warned to watch out for desperate homeowners who are willing to commit mortgage fraud

11/20/2019

Fraud may be on the rise but a new platform from Equifax acts as a tool for managers and broker owners to help stop fraud

10/09/2019

What are you doing to protect your firm?

HuffPost Canada says that TransUnion suffered an attack over the summer

10/04/2019

Would you want to see some of these new regs in Ontario enforced?

The Quebec regulator is asking for comment on its proposed rules

06/11/2019

FSRA is here!

05/18/2019

Wishing you all a safe and happy Victoria Day long weekend!

04/30/2019

Private mortgages is always a hot topic in our industry - principal brokers needs to ensure that proper due diligence are done on every single lender.
Even if your agent has just joined your brokerage but has their own lenders, it is the responsibility of the broker to conduct a Know Your Investor (KYI) profile.