The Association of Mortgage Intermediaries (AMI) has hit back at lenders who claimed third parties, including brokers, represented some of the industry's biggest fraud risks.
Robert Sinclair, AMI director, said lenders had responsibilities of their own and pointed out their direct sales staff can also be involved in fraudulent transactions. Earlier, lenders had flagged solicitors, brokers and surveyors as major risks in the fight against fraud. The concern appeared in the FSA's thematic review of lenders' systems and controls, published yesterday. But Sinclair (pictured) said: "We continue to support the drive to reduce the level of fraudulent activity in the mortgage market. "However, for mortgage fraud to be prevented all parties must be diligent, inc...
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