The hub includes guidance on issues such as the different types of fraud brokers need to be aware of, good practice when working with introducers and advice for dealing with buy-to-let business and portfolio landlords.
In addition, the hub will provide links to organisations such as the National Crime Agency and Action Fraud, so that brokers can report suspicious activity, as well as include insights from lenders on the latest issues and threats in the market.
Alongside the hub, PMS and sister business Bankhall will be providing access to tailored support for intermediaries who want to review their current processes and safeguards to identify ways to strengthen them against fraud attempts.
Jane Benjamin, director of mortgages at PMS Mortgage Club, noted that tackling financial crime had been flagged up as a priority area by the FCA, and with techniques used by the fraudsters constantly evolving it was crucial for advisers to stay vigilant.
Benjamin added: “We’re working closely with our members and lender partners to share information, best practice and practical guidance on how to deal with this threat. Our new hub will keep advisers informed and updated on the latest developments, with new PMS and lender content added on a regular basis as new threats emerge.
In the event that advisers have suspicions on a case then we’re also making it easier for them to take the appropriate action.”