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CMHC for Housing Finance Clients and International Clients November 2006

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2005 Canadian Housing Observer
Home to Canadians for the past 60 years.
 
Housing Finance Clients & International Clients > Mortgage Loan Insurance > Homeowner Mortgage Loan Insurance and Brokers > Fraud 

Fraud

Mortgage fraud is an industry-wide problem requiring an industry-wide response. CMHC is committed to leading the industry-wide efforts to reduce mortgage loan fraud.

CMHC has consistently been a leader in the fight against mortgage fraud and has proactively worked with lenders and the mortgage industry to prevent fraud at initiation. This includes helping members of the mortgage industry enhance their internal fraud management programs through a variety of initiatives. For example:

  • CMHC has a national fraud training and awareness program in place. CMHC is able to reach a wide audience and is able to include the most recent fraud trends and patterns to assist those on the front line to detect fraud.
  • CMHC publishes research on behalf of the industry. For example, CMHC has funded research on land title fraud and is currently funding research on the damage sustained by homes used as marijuana growing operations.
  • CMHC provides information to its clients on the nature of mortgage fraud and what initiation procedures are most effective at fraud detection and prevention.
  • CMHC has an excellent relationship with law enforcement and reports cases of suspected fraud to the appropriate law enforcement agencies. CMHC pursues prosecution to the full extent of the law and strongly encourages its industry members to do the same.

Fraud Training and Awareness

CMHC offers lender and mortgage broker AMP-accredited fraud training upon request. Contact your CMHC Business Development Officer to discuss your requirements further.

Contact Us

If you require further information pertaining to reporting suspected fraud or misrepresentation, please email fraud@cmhc.ca or call 1 866 358-9999 and ask for CMHC's Senior Advisor Fraud.