Mortgage Broker
New American FundingHeadquarters
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Important information
- Government Actions:Government Action: BBB reports on known government actions involving business’ marketplace conduct:Commonwealth of Massachusetts v Broker Solutions Inc
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.
On January 26, 2023, Broker Solutions Inc entered into a Consent Order with the Commonwealth of Massachusetts. The Order settles allegations that the business facilitated an unlicensed mortgage lender and mortgage broker activity in Massachusetts when the business NMLS number was displayed on another entity's webpages and marketing materials. Under terms of the order, the business agrees to pay $25,000 in an administrative penalty, and refrain from facilitating unlicensed activity. The Assurance was for settlement purposes only and should not be considered as an admission of guilt or finding of violation of the law.
This action is final.
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