FR
Sign In
Get new analysis and reports as soon as they are released, sign up to receive our Housing Research Newsletter.
About the workshops
In October 2020, we hosted a series of virtual industry workshops in collaboration with KPMG. Participants included more than 42 key industry stakeholders:
- large banks
- medium and small lenders
- technology firms
- title insurers
- credit rating agencies
- FinTechs
- mortgage insurers
- mortgage brokers
- industry associations
The goal was to capture their opinions and preferences on how to create and implement a Canadian framework for mortgage data standards.
The workshops explored how to enable the industry and regulatory bodies to collaborate in the creation of data standards. The main discussion revolved around 4 themes that would set the foundation of a governance framework:
- How should a Canadian data standard be developed and implemented?
- What organizational structure would lead to more efficient decision making?
- What funding structure makes the most sense to all participants?
- What is the overall direction that needs to be taken by the standards organization?
About Mortgage Industry Data Standards
This series summarizes the potential benefits and costs for the development of a mortgage data standards framework in Canada.
The first objective is to outline for the industry the potential costs and benefits of data standards. Its second is to identify processes in Canadian lending that could be improved through standards.
CMHC is committed to pursuing the development of a system of data standards. This will be done in collaboration with organizations within the mortgage-lending ecosystem in Canada.
Done!
Link copied
Share via Email
