About
Important information
- Government Actions:Government Action: BBB reports on known government actions involving business’ marketplace conduct:CFPB v. Fairway Independent Mortgage Corporation
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.
The Justice Department and Consumer Financial Protection Bureau (CFPB) announced today that Fairway Independent Mortgage Corporation (Fairway) has agreed to pay $8 million and a $1.9 million civil money penalty to resolve allegations that it engaged in a pattern or practice of lending discrimination by redlining predominantly Black neighborhoods in and around Birmingham, Alabama.
The Justice Department and CFPB allege that Fairway illegally redlined Black neighborhoods in Birmingham, including through its marketing and sales actions, and discouraged residents of those neighborhoods from applying for mortgage loans. The settlement announced today requires Fairway to provide $7 million for a loan subsidy program to offer affordable home purchase, refinance, and home improvement loans in Birmingham’s majority-Black neighborhoods, invest an additional $1 million in programs to support that loan subsidy fund, and pay a $1.9 million civil penalty to the CFPB’s victims relief fund.
Fairway is a non-depository mortgage company headquartered in Madison, Wisconsin. In 2022, Fairway was the nation’s fifth-largest lender by origination volume and ninth-largest by application volume. Fairway operates in the Birmingham area under the trade name MortgageBanc.
Overview
Fairway Independent Mortgage Corporation
3011 Harrah Dr STE O
Spring Hill, TN 37174-6254
BBB Accredited Since: 9/30/2003
Years in Business: 28
BBB Accreditation & Rating
About This Business
Products and Services
Business Details
- Local BBB:
- BBB Serving Wisconsin
- BBB File Opened:
- 2/11/1998
- Business Started:
- 6/1/1996
- Business Started Locally:
- 4/27/1997
- Business Incorporated:
- 4/24/1997
- Type of Entity:
- Corporation
- Business Management:
- Len Krupinski, Chief Operating Officer
- Steven Jacobson, CEO
- Megan Brandt, Compliance Specialist
Additional Contact Information
- Principal Contacts
- Steven Jacobson, CEO
- Customer Contacts
- Len Krupinski, Chief Operating Officer
- Steven Jacobson, CEO
- Megan Brandt, Compliance Specialist
- Additional Phone Numbers
- Other Phone: (715) 384-7878
- Other Phone: (608) 834-1333
- Other Phone: (608) 355-1333
- Other Phone: (608) 742-0097
- Other Phone: (262) 605-8900
- Other Phone: (920) 219-4200
- Other Phone: (608) 635-4447
- Other Phone: (920) 351-4187
- Other Phone: (920) 245-6080
- Other Phone: (608) 318-1910
- Other Phone: (262) 567-8000
- Other Phone: (715) 623-0589
- Other Phone: (262) 214-1150
- Other Phone: (920) 309-8601
- Other Phone: (262) 490-9050
- Other Phone: (608) 318-1913
- Other Phone: (262) 797-6682
- Other Phone: (855) 665-5626
- Other Phone: (800) 216-3368
- Other Phone: (414) 704-8853
- Other Phone: (414) 630-1873
- Other Phone: (979) 220-3018
- Other Phone: (512) 717-9902
- Other Phone: (512) 502-9924
- Other Phone: (254) 933-0036
- Other Phone: (817) 435-8310
- Other Phone: (361) 485-9700
- Other Phone: (254) 933-9500
- Other Phone: (254) 493-2563
- Other Phone: (817) 345-0911
- Other Phone: (817) 929-8522
- Other Phone: (512) 669-2302
- Other Phone: (817) 269-7020
- Other Phone: (210) 714-7330
- Other Phone: (512) 717-3730
- Other Phone: (512) 345-1820
- Other Phone: (210) 714-7558
- Other Phone: (254) 340-2462
- Other Phone: (512) 717-9910
- Other Phone: (512) 820-5919
- Other Phone: (979) 820-5626
- Other Phone: (979) 314-5515
- Other Phone: (254) 690-0037
- Additional Email Addresses
- Sales: Email this Business
- Technical Support: Email this Business
- Customer Service: Email this Business
- Additional Websites
- Website 1
Licensing information
This business is in an industry that may require professional licensing, bonding or registration. BBB encourages you to check with the appropriate agency to be certain any requirements are currently being met.
Additional Information
- Business Categories
- Mortgage Lenders, Mortgage Broker, Mortgage Banker
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