Items Tagged with 'United Shore'


  • United Shore to pay $1.4 million for allegedly overcharging California borrowers

    CEO Mat Ishbia: We didn't benefit one penny and not one borrower was harmed
    United Shore Financial Services, the parent company of United Wholesale Mortgage, will pay $1.4 million as part of a settlement with the California Department of Business Oversight, which accused the lender of overcharging “thousands” of borrowers for interest on their mortgages. But the company's CEO says that the fine is for a long-fixed problem and that the company didn't benefit at all from the alleged overcharging.
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  • United Shore lands on DOJ hit list, will pay $48M for FHA lending violations

    Next in long line of lenders accused of violating False Claims Act
    United Shore Financial Services will pay $48 million to settle allegations brought by the Department of Justice, which accused United Shore of violating the False Claims Act by “knowingly originating and underwriting” mortgages that did not meet FHA standards. The settlement makes United Shore just the latest in a long line of mortgage lenders that settled with the DOJ over alleged FHA lending violations.
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  • From HW Magazine

    Interview: Mat Ishbia, CEO of United Shore Financial Services

    From Big Ten baller to mortgage-lending maven
    But how many of us can reach out and touch our dream, and then decide to go another way? How many have the guts and strength to take a leap into the unknown, and then once we find solid footing in the unknown, how many of us have what it takes to not only survive but to thrive? Mat Ishbia is one of those people.
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