From the Regulators

Police issue scam alert regarding Stride Lending Group

By James Langton |

An unlicensed mortgage broker is allegedly soliciting clients in Ontario, the Financial Services Commission of Ontario (FSCO) announced on Friday.

An organization known as Stride Lending Group, "appears to be soliciting mortgage business and other services through its website," FSCO says in an alert.

The provincial regulator warns that the firm is not licensed to do mortgage business in Ontario. 

Police in Chatham, Ont. have issued a scam alert indicating that the business does not exist at its purported address in that community, FSCO adds.

The Chatham-Kent Police Service report that the company is using an address in Chatham, but that an officer "has confirmed that Stride Lending Group does not exist at this location."

"Consumers should exercise caution if they are contacted by anyone claiming to represent Stride Lending Group or using these coordinates," the FSCO alert says. "Consumers should not apply for a mortgage or loans through Stride Lending Group, but instead are encouraged to contact the Canadian Anti-Fraud Centre."