FSA bans broker for allowing fake applications

In at least one of the seven misleading mortgage applications submitted by Byrne, the customer did not actually exist. The regulator says Byrne lacked the integrity and competence to prevent his business being targeted by mortgage fraudsters. An investigation by the FSA revealed Byrne accepted mortgage referrals from an introducer but failed to undertake due diligence or any basic checks on client information supplied by the introducer. As a result, Byrne was also found to have certified a number of supporting documents, despite never having seen the originals. As a result, mortga...