Mortgage lenders commonly ask applicants for Canada Revenue Agency (CRA) income documents like Notices of Assessment (NOAs). They do so to confirm income (typical for self-employed borrowers), make sure no taxes are owed, and help mitigate fraud and human error.
But borrowers don't always keep their financial life in a filing cabinet, ready to show-and-tell. For brokers looking to get these documents quickly, with a guarantee they're legit, there's Fastkey.
Fastkey fetches NOAs, Statements of Account, Proof of Income, T-Slips, and Canada child benefit (CCB) information straight from CRA on the client's behalf. Over 140 mortgage brokers currently use the platform.
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