In the evolving landscape of mortgage brokering in Ontario, compliance with the Financial Services Regulatory Authority (FSRA) guidelines is paramount. The recent updates to FSRA's disclosure requirements and suitability assessments under the Mortgage Brokerages, Lenders and Administrators Act, 2006, underscore the need for mortgage brokerages, brokers, and agents to act with utmost integrity and transparency. This blog explores these new requirements and how Athenty's Smart Verify can facilitate compliance and enhance consumer protection.
Navigating the New FSRA Disclosure Requirements: How Athenty's Smart Verify Can Enhance Compliance
· 4 min read