Glenn Whitter is not licensed to do mortgage brokering business in Ontario

March 5, 2013

As a result of recent complaints, the Financial Services Commission of Ontario (FSCO) is reminding consumers that Glenn Whitter is not licensed to do mortgage brokering business in Ontario.

 

Glenn Whitter appears to be affiliated with Cretus Capital Inc. and Whitcor Consultant.
 
FSCO would like to hear from any consumers who have done mortgage brokering business with Mr. Whitter or one of the companies that he is affiliated with.  
 
If consumers arrange a mortgage from a mortgage brokerage, broker or agent that is not licensed in the province, they are not protected under the Mortgage Brokerages, Lenders and Administrators Act, 2006 [New Window], which holds Ontario’s mortgage brokerages, administrators, brokers and agents to specific standards.
 
FSCO’s website contains a list of all mortgage brokerages, administrators, brokers and agents licensed to do business in Ontario as well as tips on shopping around for a mortgage.
 
A licensed Ontario mortgage brokerage, administrator, broker or agent can provide information and advice on the risks involved in borrowing, lending or investing for different mortgage products.
 

CONTACT

Samuel Tharmarajah
Compliance Officer
416 590-7135
 

ADDITIONAL INFORMATION

What to Do If You Think You are a Victim of a Scam or Fraud