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RPM Mortgage is an independently owned and operated mortgage lender and broker based in Alamo, California whose roots in the Bay Area stem back to 1986. RPM Mortgage is owned by Rob and Tracey Hirt. The company has 70 branches in Arizona, California, Colorado, Nevada, Oregon, and Washington with over 800 loan agents and employees. In 2015, they were fined $20 million for illegally steering consumers to costlier mortgages.〔 RPM Mortgage is a retail only lender and a direct seller and servicer of Fannie Mae loans. In 2010 RPM closed over $4.55 billion in originations with $1.3 billion of the originations being service-retained. In 2013, the company provided $5.9 billion in funding in the form of residential mortgages.〔 RPM offers various loan programs such as Conventional Purchases, Refinances, CalSTRS, Fannie Mae DU Refi Plus, Fannie Mae Home Path, Streamline Refinances, and Jumbo loans. RPM is a direct lender with full-eagle approval from the department of Housing and Urban Development (HUD) with the following lenders: Fannie Mae, GMAC, Chase, Bank of America and US Bank. RPM is an Equal Opportunity Lender and is accredited by BBB. ==History== The company was found in 1986 by Robert and Tracey Hirt. In 2011, the company was sued by the Federal Deposit Insurance Corporation for "breach of contract, negligence and negligent hiring/supervision". They later settled out of court for $550,000.〔 On June 4th, 2015, The Consumer Financial Protection Bureau filed a complaint in federal district court against RPM Mortgage and its CEO, Erwin Robert Hirt, for illegally paying bonuses and higher commissions to loan originators to incentivize them to steer consumers into costlier mortgages, illegally profiting tens of millions of dollars from 2011 to 2013. They were fined $20 million including $18 million as redress to consumers with an additional $2 million as a civil penalty, half of which is to be paid by CEO Robert Hirt.〔 "RPM rewarded its loan officers for steering consumers into mortgages with higher interest rates," said CFPB Director Richard Cordray in a press release. "Today we are putting an end to RPM’s unlawful practices and holding Robert Hirt personally responsible for his involvement in them."〔http://www.housingwire.com/articles/34094-cfpb-orders-rpm-mortgage-to-pay-19m-for-steering-consumers-to-costlier-mortgages〕 抄文引用元・出典: フリー百科事典『 ウィキペディア（Wikipedia）』 ■ウィキペディアで「RPM Mortgage」の詳細全文を読む スポンサード リンク
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