The new media portfolio will now include HousingWire, FinLedger and REAL Trends. Law360 (April 29, 2020, 10:44 PM EDT) -- Chicago-based residential mortgage company Guaranteed Rate has agreed to pay just over $15 ⦠The acquisition combines two of real estateâs most powerful media outlets. Guaranteed Rate has a two out of five rating on J.D. Guaranteed Rate also offers a 2-1 buydown, which offers a rate 2% below the note rate in year one, and 1% below the note rate in year two before returning to the actual rate offered. "The surrender was something I requested during settlement negotiations since it only affects the DBO license and not my MLO license in other jurisdictions,” Decker added, later saying that he is very pleased with the results of the settlement. “We have always operated with a customer-first approach, and a commitment to doing the right thing by adhering to all guidelines and regulations,” the company continued. In total, Anderson allegedly stole early 200 active loan files, as well as the confidential information of approximately 900 Mount Olympus Mortgage clients. In 2018, the Consumer Financial Protection Bureau received 23 mortgage-related complaints for Guaranteed Rate, with a timely response for all. : 2018050414, (.pdf here), it appears Decker will surrender his MLO license and will not be allowed to re-apply for another two years. HW+ Premium Content. Leverage your professional network, and get hired. In this episode, Beaty explains how Freddie Mac is supporting shared equity programs as the pandemic continues to financially strain Americans nationwide. The pleading stems from an earlier case where Decker and his co-worker Benjamin Anderson left Mount Olympus Mortgage, which does business as TRU Mortgage, to go to Guaranteed Rate. Assumes a 4.5% guaranteed rate, which originates from a lawsuit with Industrial Alliance, which is another Canadian life insurer that issued similar insurance products. Joshua Epps NMLS ID: 430939; FL - LO72964, NC - I-179742, SC - MLO - 430939 The new media portfolio will now include HousingWire, FinLedger and REAL Trends. A mortgage company who grows for good. Former Exec Sues Guaranteed Rate. Guaranteed discovered that Decker’s wife had offered or made “gifts” to borrowers in two other loan transactions processed by Decker. Click to share on Twitter (Opens in new window), Click to share on Facebook (Opens in new window), Click to email this to a friend (Opens in new window), Click to share on LinkedIn (Opens in new window), © 2006-2020 HW Media, LLC. As of 2020, the company has approximately 5,000 employees and more than 700 offices nationwide and has licenses in 50 states. The lawsuit alleges that Caltabiano breached his fiduciary duties to Guaranteed Rate by soliciting its employees to leave and join Bemortgage and by competing with it on behalf of Bemortgage. Decker’s wife used her maiden name on the gift letter and withdrew funds from a bank account separate from Decker to fund the personal loan. A class action lawsuit was recently filed against mortgage lender Guaranteed Rate alleging that the company had failed to comply with California time and attendance laws when compensating its loan officers. With it behind us, CoreLogic’s Frank Nothaft looks ahead at several housing market trends that are likely in 2021 and beyond. People Movers provides updates about the business professionals making waves in real estate and mortgage. According to the lawsuit, "The purpose of the scheme was to divert hundreds of Mount Olympus loan customers to Guaranteed. Ripoff Report on: Guaranteed Rate - Guaranteedratecom guaranteed rate lowest scam beware of their promises schaumbrug illinois. In order to qualify the borrower for a mortgage, Decker had his wife lend $15,000.00 to the borrower and her husband, but disguised it as a gift. Future of remote work unclear, according to NAR, Mortgage rates hold steady at record lows, Why 28% of mortgage applicants never close the loan, People movers: Offerpad, LendingHome, Interfirst, Black, Mann & Graham, Promontory MortgagePath. loanDepot returns the praise in Decker’s online bio: “Brian Decker was recognized as the #1 Mortgage Originator in the United States for Volume Gain out of over 300,000 licensed mortgage originators by Scotsman Guide. Guaranteed Rate faces wage and hour lawsuit . Write a Review. Watch the latest videos from Guaranteed Rate. 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