Fairway agrees to financial penalty over unlicensed LOs
By: Spencer Lee | Published: 2026-02-02 21:12:58 | Source: www.nationalmortgagenews.com
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Fairway Independent Mortgage Corp. agreed to resolve alleged violations surrounding unlicensed lending activity that occurred at one of its California branches earlier this decade and pay $160,000 in penalties.
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In 2021 and 2022, unlicensed branch employees were alleged to have conducted origination activity that was only permitted to be carried out by licensed loan officers…
