Prospect Mortgage, a Sherman Oaks, California based lender has been cited by the Consumer Financial Protection Bureau (CFPB) for paying illegal kickbacks for mortgage business referrals . Two real estate brokers and a mortgage servicer were accused of taking those kickbacks. CFPB said Prospect is one of the largest independent retail mortgage lenders in the country with nearly 100 branches nationwide, offering a range of mortgages to consumers, including conventional, FHA, and VA loans. Also named in the several actions taken were two real estate brokers, RGC Services, Inc., (doing business as ReMax Gold Coast), based in Ventura, California, and Willamette Legacy, LLC, (doing business as Keller Williams Mid-Willamette), based in Corvallis, Oregon, and Planet Home Lending, LLC, a mortgage servicer
from
http://www.mortgagenewsdaily.com/reports/newsletter/2017/2/1/2621
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