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🔍 How to Identify Fraud with Title Searches 🔍 Mortgage agents, brokers, and lenders across Canada, did you know a Title Search offers crucial insights into registered owners' names, occupations, and interests in the property? This information is vital for validating the correct property owner and identifying any potential red flags. By verifying owner information and names on title, you can effectively mitigate the risk of fraudulent behavior. Stay ahead and protect your business! #MortgageTips #FraudPrevention #CanadianRealEstate #TitleSearch #RealEstateInvesting #SecureLending #MortgageBrokers #LendingSolutions #RealEstateInvestors #Canada #MortgageIndustry

Want to know how to navigate the sea of hot topics in mortgage servicing? Join Lynn Tarantino, CRCM, CAMS and Ingrid Jaschok as they discuss compliance and risk challenges at the Risk and Compliance Conference hosted by the American Bankers Association today at 1:15 pm ET/10:15 am PT at the Seattle Convention Center. #ABARCC #CenlarIsSubservicing #cenlar #cenlarfsb #riskandcompliance

One element of the #mortgage and home buying process that can cause delays is the need for applicants to have their signature witnessed on deeds and certain other documents. To date, this step has involved the witness being in the same room as the signer, even if attesting to an electronic signature. However, in cases where the eSignature provider is a UK Government approved Identity Service Provider (IDSP) and vetted by a Quality Service Trust Provider such as Globalsign to produce certified eSignatures, it can act as the witness because it is verifying the identity and location of the signer in real-time to such a high degree of confidence. HMLR confirms this in Notice 2 (under Rule 54c of the Land Registration Rules 2003) : documents in electronic form purporting to affect registrable dispositions effective 23rd April 2023. This was updated in September 2023. The result will be a game-changing breakthrough in the property sector, saving time and reducing the risk of mortgage fraud, which has increased by 32.8% in the last year according to FT Adviser’s September 6th Article: https://lnkd.in/ep3RWFEi This method also saves the applicant having to repeat the identification process numerous times. #mortgagebroker #mortgagebrokers #mortgagelender

𝗪𝗲𝗯𝗶𝗻𝗮𝗿: 𝗣𝗿𝗼𝗽𝗲𝗿𝘁𝘆 𝗮𝗻𝗱 𝗺𝗼𝗿𝘁𝗴𝗮𝗴𝗲 𝗳𝗿𝗮𝘂𝗱 - 𝗺𝗲𝗲𝘁𝗶𝗻𝗴 𝗖𝗤𝗦 𝗿𝗲𝗾𝘂𝗶𝗿𝗲𝗺𝗲𝗻𝘁𝘀 Firms need to have controls and measures in place to prevent property and mortgage fraud. However, in practice, these can often be inadequate and potentially expose a practice to unnecessary risks. During this short session, Tracy Thompson will walk through CQS requirements and give practical guidance on the operational procedures law firms should be following to demonstrate compliance with CQS and ensure they are doing what they can to prevent fraud. 𝗠𝗼𝗻𝗱𝗮𝘆 𝟮𝟵𝘁𝗵 𝗔𝗽𝗿𝗶𝗹, 𝟭.𝟬𝟬𝗽𝗺 - 𝟭.𝟯𝟬𝗽𝗺 Register here 👉 https://lnkd.in/eVkvisfr #fraud #property #webinar

Strengthening Trust and Security: FINTRAC includes Mortgage Brokers 1. New Compliance Requirements: As of October 11, 2024, mortgage brokers must adhere to FINTRAC’s anti-money laundering (AML) rules, including ID verification, record-keeping, and suspicious transaction reporting 2. Impact on Clients: Clients will need to provide more detailed documentation, such as valid ID with selfies for verification. This ensures stronger financial security and compliance across the industry #emamortgageteam #mortgagealliance #mississaugarealestate #oakville #oakvillerealestate #miltonontario #miltonrealestate #haltonhills #ancasterontario #ancasterrealestate #torontorealestate #georgetownontario #mortgagerates #mortgagebroker #mortgageagent #interestrates #mortgage #fthb #bramptonrealestate #hamiltonrealestate #ancastermortgage #ancastermortgageagent #mississaugamortgage #miltonmortgage #haltonmortgage #georgetownmortgage #oakvillemortgage

🏠 Understanding #mortgagefraud: Fraud for Profit. Fraud for profit often involves multiple parties collaborating for financial gain. Industry professionals like real estate agents, mortgage brokers, lenders, lawyers, or appraisers may be involved. Complexity: These schemes are highly organized and distinguishable from simpler forms of fraud. As industry professionals, our vigilance in detecting and preventing mortgage fraud is crucial. #mortgage #realestate #fraudprevention

🏠 Understanding #mortgagefraud: Fraud for Profit. Fraud for profit often involves multiple parties collaborating for financial gain. Industry professionals like real estate agents, mortgage brokers, lenders, lawyers, or appraisers may be involved. Complexity: These schemes are highly organized and distinguishable from simpler forms of fraud. As industry professionals, our vigilance in detecting and preventing mortgage fraud is crucial. #mortgage #realestate #fraudprevention

🏠 Understanding #mortgagefraud: Fraud for Profit. Fraud for profit often involves multiple parties collaborating for financial gain. Industry professionals like real estate agents, mortgage brokers, lenders, lawyers, or appraisers may be involved. Complexity: These schemes are highly organized and distinguishable from simpler forms of fraud. As industry professionals, our vigilance in detecting and preventing mortgage fraud is crucial. #mortgage #realestate #fraudprevention

🏠 Understanding #mortgagefraud: Fraud for Profit. Fraud for profit often involves multiple parties collaborating for financial gain. Industry professionals like real estate agents, mortgage brokers, lenders, lawyers, or appraisers may be involved. Complexity: These schemes are highly organized and distinguishable from simpler forms of fraud. As industry professionals, our vigilance in detecting and preventing mortgage fraud is crucial. #mortgage #realestate #fraudprevention

When we say support is our TOP priority - we mean it. 😎🏄 Another story shared by one of our valued Hai Brokers, Cordelia J.. I'm so happy to see that our brokers are receiving the support they DESERVE. With a team of trusted and committed BDMs, Hai Money is the aggregator to join. Email info@haimoney.com.au to get started today. 🤝 #BrokerTestimonial #RealStories #BrokerSupport #HaiMoney