Growing numbers of Canadians are exploring interest-free halal mortgages. These mortgages come in two forms: murabaha and musharaka. Currently, only three Canadian financial institutions offer halal mortgages, but with the increasing Muslim population in Canada, there's potential for mainstream banks to tap into this market, providing a significant business opportunity for real estate professionals.
Read MorePlease note, we will be performing scheduled maintenance from 8:00 am EST to 11:59 pm EST on Sunday May 9. No LDD Applications will be available during this period.
Read MorePaying mortgage discharges by wire, FOLA’s position on who should pay for the wire transfers, the new Ontario Land Tribunals and more in the real estate update from the Federation of Ontario Association (FOLA).
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Since the start of the COVID pandemic, a concern has been the acceptance of wire transfers for mortgage discharges. As this situation has continued, mortgage lenders are now incorporating wire transfers into their processes. To help you out, we’ve put together this list of mortgage lenders with their requirements.
Read MoreThis week’s update from FOLA’s real estate committee includes news that RBC is now accepting mortgage discharges by wire and a recap of their meeting with Ontario government staff on remote commissioning and remote notarization.
Read MoreWe have received notice of an email update to the policy of MCAP that they are again allowing mortgage refinances to be closed through individual solicitors. We are hearing that RMG Mortgages, a division of MCAP Financial Group, has issued the same update via email.
Read MoreRoyal Bank of Canada has started including the following announcement on identity verification during remote signing meetings with it solicitor instructions.
Read MoreScotiabank has updated its position on Identity Verification for video conferencing during the COVID-19 pandemic. A notification has been included with its recent solicitor instruction packages.
Read MoreSome solicitors are receiving Scotiabank instructions that clearly state they must meet with their clients face to face. While others are receiving a notice along with their instructions which give direction on how to sign mortgage documents via video conference.
Read MoreCMHC has added an online education site for mortgage professionals to help them learn more about the whole First Time Home Buyer’s Incentive process.
Read MoreFacilitating transfers of real estate has been the bread-and-butter of thousands of Ontario lawyers for generations. How can technology help keep lawyers at the heart of real estate transactions?
Read MoreLDD WebDocumentRetrieval® is the only Instructing Platform Selected in Canadian Lawyer Magazine's Annual Readers' Choice Awards.
Read MoreIn general, they include: Import from Property Online, Create the other side file and stay linked (if acting for both parties), New formats available on Document List and Merged Documents, New and updated documents
Read MoreWe've expanded our online mortgage deliver services.
Read MoreLenders across Canada use our LDD WebDocumentRetrieval® system to send mortgage instructions to lawyers via the web.
Read MoreRead about everything new in RealtiPLUSWeb!
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