An Idaho judge has ordered a Seattle-based mortgage broker to pay more than $1 million in penalties and restitution for fraud and violations in state laws.
A judge in Ada County ruled that Access Mortgage engaged in numerous violations, including submitting a false mortgage loan application to a lender.
Other violations include ignoring a Department of Finance order issued against the company and originating loans in Idaho through unlicensed brokers, especially in housing markets in Boise and northern Idaho.
Department of Finance Director Gavin Gee said Wednesday the judgment sends a clear message to the mortgage industry that unlawful practices will not be tolerated in the Gem State.
The company has also been ordered to pay more than $27,000 in restitution to one Idaho couple harmed by the company’s practices.