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Certifications and licensing

Control shift at mortgage broker hit by enforcement action

Certifications and licensing, Continuing Education, M&A, Originations, Regulation and compliance /

Following the enforcement action against now ex-CEO Patrick Terrance Donlon, Yield Solutions Group has assumed full operational control of Trusted American Mortgage, the companies said in a press release. Processing Content The two companies share an address in Centennial, Colorado. YSG has a nationwide presence in the auto lending industry. Donlon resigned as CEO of […]

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MLO fined, barred in 21 states for alleged education fraud

CAREER & COMPENSATION, Certifications and licensing, Continuing Education, Originations, Regulation and compliance /

A mortgage loan originator has settled a coordination action brought by 21 states which permanently bars him from working in the industry in 19 of those. Processing Content Patrick Terrance Donlon, worked for Trusted American Mortgage, disputed the findings but settled the “regulatory concerns without the time, expense, and uncertainty of contesting the findings in

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