My mortgage agent creates fake documents, i.e. job letters … do you do that? Absolutely NOT! Up until a couple of years ago dishonest mortgage agents were committing fraud without fear of being caught because the industry turned a blind eye to it. Now there are several mortgage agents under investigation by the Financial Services Commission for this type of conduct. EXPERT MORTGAGE has assisted in some of these investigations. Banks fire employees every day for forging documents, but keep it quiet to avoid negative publicity. If a mortgage broker is forging documents for you, then he is doing it for everyone else, and will eventually get caught. All his past mortgage files will be audited and there is a good chance that someone will knock on your door months after you’ve closed your mortgage deal to confront you about submitting fake paperwork. They have the right to call the mortgage and report you to law enforcement. Fraud is a very serious crime.
Posted on: Tue, 15 Oct 2013 22:57:13 +0000
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