A firm that has recently claimed to be among the biggest home-purchase lenders for veteran programs has agreed to pay over $1 million to settle alleged violations of the Real Estate Settlement and Procedures Act.
On its website, Columbia, Missouri-based Veterans United Home Loans reports that overall residential loan originations came to $10.3 billion during all of last year.
The 2,000-employee organization claims that it was the No. 1 originator of purchase-money mortgages guaranteed by the Department of Veterans Affairs during 2015.
Source: Mortgage Daily