This Business Is Not BBB Accredited

Prospect Mortgage LLC

Prospect Mortgage LLC

(888) 387-1109

Prospect Mortgage LLC

19 years in business
4275 Executive Sq #700
La Jolla, CA 92037
BBB File Opened: 12/07/2015
Business Started: 03/12/1999
Business Incorporated: 03/12/1999 in DE
Type of Entity
Limited Liability Company (LLC)
Business Management
  • Ms. Kathy Larson, Sales Manager - Solana Beach
  • Mr. Anthony Ramirez, Branch Manager - La Jolla
  • Mr. Eli Stella, Sales Manager - Producing - Irvine
Business Category
  • Mortgage Lenders
  • Real Estate Loan Modification

Licensing, Bonding or Registration
This business is in an industry that may require professional licensing, bonding or registration. BBB encourages you to check with the appropriate agency to be certain any requirements are currently being met.
  • BBB records show a license number of 3296 for this business, issued by Nationwide Mortgage Licensing System

    Nationwide Mortgage Licensing System
    , ,
    http://mortgage.nationwidelicensingsystem.org
    Phone Number:  (240) 3864444
    Fax Number:   ()

  • BBB records show a license number of 249819 for this business, issued by Nationwide Mortgage Licensing System

    Nationwide Mortgage Licensing System
    , ,
    http://mortgage.nationwidelicensingsystem.org
    Phone Number:  (240) 3864444
    Fax Number:   ()

  • BBB records show a license number of 328339 for this business, issued by Nationwide Mortgage Licensing System

    Nationwide Mortgage Licensing System
    , ,
    http://mortgage.nationwidelicensingsystem.org
    Phone Number:  (240) 3864444
    Fax Number:   ()

  • BBB records show a license number of 39323 for this business, issued by Nationwide Mortgage Licensing System

    Nationwide Mortgage Licensing System
    , ,
    http://mortgage.nationwidelicensingsystem.org
    Phone Number:  (240) 3864444
    Fax Number:   ()

  • BBB records show a license number of 603E734 for this business, issued by Department of Business Oversight (DBO)

    Department of Business Oversight (DBO)
    7575 Metropolitan Dr #108, San Diego, CA 92108
    http://www.dbo.ca.gov
    Phone Number:  (866) 2752677
    Fax Number:   (619) 6827217

Number of Employees: 
1

Alert

Government action information involving this business is included in this report.

Government Action

CA (and other states) v. Prospect Mortgage
November 19, 2015 - The Multi-State Mortgage Committee (MMC) announced a Settlement Agreement and Consent Order between 50 state mortgage regulators and Prospect Mortgage, LLC. 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 Appraisal Services, LLC.

The order sets forth the following main poi... Read More

Government Action

CFPB v. Prospect Mortgage

The following describes a government action that has been resolved by either a settlement or a decision by a court or administrative agency. If the matter is being appealed, it will be noted below.

January 31, 2017 - The Consumer Financial Protection Bureau (CFPB) took action against Prospect Mortgage, LLC for paying illegal kickbacks for mortgage business referrals. The CFPB also took action against two real estate broke... Read More

Overview

This company offers mortgage lending and real estate services.

BBB Reason for Ratings

BBB rating is based on 13 factors: Get the details about the factors considered.

Based on BBB files, this business has a BBB Rating of No Rating. The reason is as follows:
Complaints against this business are handled by another BBB.

Licensing information is provided in the BBB Business Profiles to inform the public about industries that may require professional licensing, bonding, or registration. Better Business Bureau encourages you to check with the appropriate agency to be certain any requirements are currently being met.
BBB promotes truth in advertising by contacting advertisers whose claims conflict with the BBB Code of Advertising. These claims come to our attention from our internal review of advertising, consumer complaints and competitor challenges. BBB asks advertisers to substantiate their claims, change ads to make offers more clear to consumers, and remove misleading or deceptive statements.
BBB reports on known significant government actions involving the business's marketplace conduct.
BBB reports on a company that is out of business for one year from the date the company closes its doors or ceases to do business.
BBB reports on unauthorized use of the Better Business Bureau's name and/or logo for as long as the business continues to use it in any advertising, or for one year after the business ceases any repeated unauthorized uses.
BBB reports on a business’s bankruptcy as long as the business remains in bankruptcy.
BBB reports when mail sent to the business was returned by the Postal Service.

Prospect Mortgage LLC