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Georgia Department of Banking and Finance Announces Multi-State Settlement with Prospect Mortgage, LLC (Georgia Department ...

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(Source: Georgia Department of Banking and Finance) Atlanta, Georgia - Today the Multi-State Mortgage Committee (MMC) announced a Settlement Agreement and Consent Order between 50 state mortgage regulators and Prospect Mortgage, LLC (NMLS ID 3296). A multi-state examination conducted by eight states, including Georgia, revealed a pattern of charging improperly disclosed and unsupported fees paid to the company's affiliate, C2C Appraisal Services, LLC. 'Prospect's past practice of charging unsupported fees is...

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