Exploring recent trends in digital originations for mortgage lenders, highlighting the role of fintech and AI in reshaping the lending process.
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Montreal police have arrested 17 people on charges involving a real estate fraud ring that allegedly pilfered more than $5 million CAD ($3.6 million). So reports The Montreal Gazette.
According to Montreal police, the alleged fraud ring centered around five mortgage-free properties, including one listed at $2.6 million in a real estate advertisement.
Police accuse the suspects of falsifying identification documents to pose as the properties’ owners in a bid to gain power of attorney over the properties.
