Mortgage Business Notices · All Things Real Estate

Mortgage Business Notices

Something to Read!!!!

To everyone in the mortgage business, we all work hard to put good deal together for our clients and lending partners but of course you will once and a while come to this....... if we don't take the time to notice the things that stand out it can cause issues with our brokerage or regulatory licensing. I have attached two files of a client who back in 2023 told me he made over $200K which I found odd from the start being a mortgage broker for over 15 years and his trade usually does not support that high of income so to the next level was send me the income documents.... first glace I could see the NOA was altered I questioned the client and he said that was what was filed.... I then decided to stop the relationship because I didn't feel comfortable submitted something I felt was altered. Fast forward to October 2025 The same client reached out looking for a mortgage and as we chatted I asked what is income was now he told me $100K so I asked him to send me the T1's and NOA's and not the garbage ones sent a few year ago and this time I got the real NOA not altered and not showing $100K income.

This is just a heads up to all the new brokers we all have to review the documents and use common sense when working with clients you don't want to be that broker known for submitting fraudulent documents

Take a minute and take a look because you will come across the same thing sometime.

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