In Canada and the U.S., mortgage fraud is on the rise.
A U.S. study found that one in 109 mortgage applications contains some fraudulent information.
In Canada, Equifax reported in 2017 that mortgage fraud was up 52% from 2013.
It’s in a broker or lender’s best interest to stay protected.
While technology is contributing to fraud, it is also making it easier to catch. Find out how to mitigate risk over on the Purview blog.