The Financial Services Regulatory Authority of Ontario (FRSA) is warning consumers to avoid using Quicken Financial Service to obtain a mortgage or home loan.
The FRSA said in an announcement on Wednesday, January 19 that the service is not licensed to conduct mortgage business in Ontario.
The firm is operating out of 1755 Woodward Dr. in Ottawa, postal code K2C 0P9.
The website QuickFundFinancial.com is currently down, however, the FRSA was soliciting what they referred to as “Home Loans.”
They were also collecting consumers’ employment, housing and income information, something that is only permitted if you are licensed as a mortgage brokerage in Ontario.
FRA encourages consumers to exercise caution if they are contacted by the company or anyone using the above website and claiming to represent Quickfund Financial Service.