B.C. woman who 'carried on' as mortgage broker, sent falsified documents ordered to pay $35K

A British Columbia woman has been fined $35,000 for handling 10 mortgage applications without a mortgage broker's license.
Three of these requests included fake financial documents.
Although this woman worked as a mortgage specialist in another financial institution, she was also involved in mortgage brokerage.
He has never completed the courses required to obtain a mortgage broker license.
Apart from the fake cases, he has also applied for mortgages for four of his acquaintances.
In exchange for his unauthorized activities, he received commissions electronically.

Details

This woman was working for a financial institution other than her employer at the time of preparing the mortgage applications.
His employer was unaware of his illegal activities.
In addition to the fine, the woman was ordered to no longer operate as a mortgage broker or sub-broker unless she obtains the necessary licenses.

Key points

This case shows the importance of having a license to operate in the field of mortgage brokerage.
Forging financial documents is considered a crime.
Operating without a license in this area can result in heavy fines.

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