Why So Many Docs?

I just sent this out to my database, if you are so inclined feel free to send them the same link or shoot a similar version in your own words and send that (send me a copy of it as well).

Why does the Mortgage Broker want so many docs?
We actually don’t.

Why does the Mortgage Lender want so many docs?
They actually don’t.

Who wants all these docs then?

Who is it that does not trust what you are saying?

That would be OSFI, the Office of the Superintendent of Financial Institutions, and they have a very specific mandate…

Click here for the video explanation

Have a great (long) weekend!