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Top Tools for Mortgage Due Diligence

August 24, 2020 • Financial, Real Estate

Mortgage due diligence is critical during the COVID-19 pandemic. Lenders must be able to quickly check for suspicious flags and verify the legal details of a deal before it proceeds too far.

CBC News reported that Canadians have lost more than $1.2 million to COVID-19-related scams — which means identity theft could also be on the rise.

Plus, as consumers face increased financial pressures and reduced incomes, they may be leaving recent changes off their mortgage applications — knowingly or mistakenly.

With this in mind, fraud mitigation is even more important than ever. The tools you are already using can be a key part of that process.

On the Purview blog, we are looking at tools for mortgage due diligence and how to access them today. Read it here: https://www.purview.ca/covid-19-fallout-and-mortgage-fraud/

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