Canadian Mortgage Hangout: Mortgage Fraud Prevention

Join us live at 10am PST/ 1pm EST for this weeks Canadian Mortgage Hangout. We’re joined by Jeremy Nicholls, Manager, Fraud & Investigation at Servus Credit Union for a discussion on mortgage fraud awareness and prevention.Mortgage fraud refers to an intentional misstatement, misrepresentation, or omission of information relied upon by an underwriter or lender to fund, purchase, or insure a loan secured by real property.

The Bank of Canada, in response to the pandemic, has reduced its overnight lending rate to 0.25%, lowering it by a total of 150 basis points from 1.75% in January. With this key move conducted by the central bank, the prime lending rate of Canada’s big banks has been pushed down from 3.95% to 2.45%.If you’re claiming a benefit such as income-related Employment and Support Allowance, Income Support or Universal Credit you might be able to claim help with your mortgage interest payments, we invite you to visit website to learn about rates and different options you have. This is called Support for Mortgage Interest (SMI) and is offered as a repayable loan.

About Scott Dawson

Scott Dawson is a Mortgage Professional based out of Vancouver, British Columbia. Since the start of his career Scott has used Social Media to build his personal brand awareness and establish relationships with clients & referral sources. Scott is also well respected for his knowledge within the the mortgage industry and has been featured in Canadian Mortgage Broker News, Canadian Living, Moneyville, MoneySense Magazine and The Toronto Star. You can also find him on and Twitter.