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State Mortgage Regulators Issue Action against Prospect Mortgage, LLC (CSBS - Conference of State Bank ...

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(Source: CSBS - Conference of State Bank Supervisors) Examination Identified Inappropriately Assessed Third-Party Settlement Fees Washington, D.C. - 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 revealed a pattern of charging improperly disclosed and unsupported fees paid to the company's affiliate, C2C...

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