Mortgage Managers hosted a Mortgage Fraud Seminar last night. The speakers included Fist Canadian Title and the RCMP.
The two-hour session covered a range of topics including Identity Theft, Title Fraud, Title Insurance, Debit & Credit Card Scams, Home Repair Scams, and more.
Some of the highlights of the seminar were:
1. Always cover your PIN when using your debit card
2. Do not carry your Social Insurance Card or Birth Certificate
3. Shred any documentation that has any personal information
4. Lock up your Identification, Credit Card Statements, & Income Tax Documents so they are not stolen
5. Identity Theft is happening frequently
6. Title Fraud in Canada cost lenders hundreds of millions of dollars each year.
7. It takes 600 hours of work to recover you Identity
8. Title Insurance is available to protect you financially if/when Mortgage Fraud and Title Fraud occurs
Many thanks to members of the RCMP Fraud Division and First Canadian Title for helping Mortgage Managers educate and protect the members of our community.
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