An investigation found lnvis breached the Mortgage Brokers Act. Investigators found the company failed to ensure a broker did not meet with female assistants in the course of business activities except in the company of a supervisor. It also failed to directly supervise the broker starting in November 2019 when he ceased working out of the lnvis office.
“The registrar determined that he was unsuitable for registration and barred him from applying for five years,” the order said. The supervisor also had to agree to conduct oversight of all conditions. Both the supervisor and the designated person had reviewed the conditions, the order said. In February 2020, the broker applied to renew his registration; however, it was found he had not completed the mortgage brokerage in B.C. course and an investigation was commenced.