by Joe White | Aug 5, 2026 | Compliance
A recent Financial Services Tribunal decision found an experienced broker unsuitable to be licensed over mortgages built on false documents, and FSRA went on to refuse his licence renewal. For the broker, the lesson is personal, and we covered it in a companion piece....
by Joe White | Aug 3, 2026 | Compliance
18 False-Document Applications and $95,000 in Penalties: Why “I Didn’t Know” Was Not Enough An Ontario mortgage broker submitted 18 mortgage applications containing false or fabricated supporting documents. The Financial Services Tribunal accepted...
by Joe White | Jul 7, 2026 | Compliance, Mortgage Brokering, Mortgage Brokering in Ontario
FSRA recently published a Notice of Proposal that belongs on the required reading list for every mortgage agent in Ontario. Not because of the dollar figure, though $740,000 in proposed penalties gets attention. Because of the standard it applies. Two of the three...
by Cain Daniel | Jun 17, 2015 | Mortgage Brokering, REMIC Blog
5 Steps in Fraud Prevention It is of vital interest to both the integrity of the mortgage brokerage industry and the mortgage industry as a whole that mortgage fraud be prevented whenever possible. As criminals use more sophisticated methods of committing fraud it is...