27 December 2012

CMHC answers to the latest articles about Emili system and mortgage insurance issue

As you know, CMHC’s Emili system is used by many Canadian underwriters
for assessing the lender’s mortgage insurance application. The whole
database is continually updated. In addition to it, the information is
reviewed by an independent third party. CMHC obtains the most
comprehensive property database in the country with the transactional
information on about 8 million properties…
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