Home Capital found brokers had falsified borrowers' income on mortgages
Home Capital Group · Mortgage lending (listed)
The case in brief
Visible before detection
Checks that could have surfaced it, on hindsight
Document authenticity / direct pull
Would have pulled income records directly from employers or tax filings.
Can mislead when: The company can refuse consent, and a refusal is itself a flag. Some banks and co-op banks are not on AA yet.
Operating-metric verification
Would have tested approval rates per broker.
Can mislead when: Contract staff do not appear in EPFO. Vahan access needs licensed APIs. Some businesses have no physical trace.
Regulatory & litigation records
Would have tracked regulator complaints.
Can mislead when: Court records lag and name spellings vary. A clean record can mean the problem has not reached court yet.
Where Kubr services would have helped
Valuation context
Offered in India- C8 Would have tracked regulator complaints.
Financial diligence
Offered in India- C5 Would have pulled income records directly from employers or tax filings.
- C10 Would have tested approval rates per broker.
IC note
Offered in India- C5 Would have pulled income records directly from employers or tax filings.
- C8 Would have tracked regulator complaints.
Portfolio monitor
Offered in India- C8 Would have tracked regulator complaints.
- C10 Would have tested approval rates per broker.
Mapped from the checks each service runs. A hindsight reading of public records, not a promise that the failure would have been found.
Same pattern
A summary of public documents. It reports what the sources say. It is not Kubr's finding and not a statement of guilt.