mortgage founder robert hirt ceo tracey hirt president headquarters alamo ca united states owner robert hirt ceo tracey hirt president number of employees 800 1 website rpm mortgage inc. rpm mortgage is an independently owned and operated mortgage lender and broker based in alamo california whose roots in the bay area stem back to 1986 . rpm mortgage is owned by rob and tracey hirt . the company has 70 branches in arizona california colorado nevada oregon and washington with over 800 loan agents and employees . in 2015 they were fined 20 million for illegally steering consumers to costlier mortgages . 1 rpm mortgage is a retail only lender and a direct seller and servicer of fannie mae loans . in 2010 rpm closed over 4.55 billion in originations with 1.3 billion of the originations being service retained . 2 in 2013 the company provided 5.9 billion in funding in the form of residential mortgages . 1 rpm offers various loan programs such as conventional purchases refinances calstrs fannie mae du refi plus fannie mae home path streamline refinances and jumbo loans . rpm is a direct lender with full eagle approval from the department of housing and urban development hud with the following lenders fannie mae gmac chase bank of america and us bank . rpm is an equal opportunity lender and is accredited by bbb . 3 history edit the company was found in 1986 by robert and tracey hirt . 4 in 2011 the company was sued by the federal deposit insurance corporation for breach of contract negligence and negligent hiring supervision . they later settled out of court for 550 000 . 1 on june 4th 2015 the consumer financial protection bureau filed a complaint in federal district court against rpm mortgage and its ceo erwin robert hirt for illegally paying bonuses and higher commissions to loan originators to incentivize them to steer consumers into costlier mortgages illegally profiting tens of millions of dollars from 2011 to 2013 . they were fined 20 million including 18 million as redress to consumers with an additional 2 million as a civil penalty half of which is to be paid by ceo robert hirt . 1 rpm rewarded its loan officers for steering consumers into mortgages with higher interest rates said cfpb director richard cordray in a press release . today we are putting an end to rpm s unlawful practices and holding robert hirt personally responsible for his involvement in them . 5 references edit a b c d e gafni matthias june 8 2015 . alamo rpm mortgage fined 20 million over loan scheme . contra costa times . retrieved 10 june 2015 . diablo financial profiles . diablo magazine . diablo magazine . retrieved 1 april 2011 . bbb reliability report for rpm mortgage . better business bureau . better business bureau . retrieved 1 april 2011 . about rpm . rpm mtg.com . rpm morgtage . retrieved 10 june 2015 . http www.housingwire.com articles 34094 cfpb orders rpm mortgage to pay 19m for steering consumers to costlier mortgages external links edit rpm mortgage inc. retrieved from https en.wikipedia.org w index.php title rpm mortgage & oldid 695524676 categories banks based in californiacompanies based in contra costa county californiamortgage lendersmortgagehidden categories use dmy dates from april 2011 navigation menu personal tools not logged intalkcontributionscreate accountlog in namespaces article talk variants views read edit view history more search navigation main pagecontentsfeatured contentcurrent eventsrandom articledonate to wikipediawikipedia store interaction helpabout wikipediacommunity portalrecent changescontact page tools what links hererelated changesupload filespecial pagespermanent linkpage informationwikidata itemcite this page print export create a bookdownload as pdfprintable version languages add links this page was last modified on 16 december 2015 at 18 15 . text is available under the creative commons attribution sharealike license ; additional terms may apply . by using this site you agree to the terms of use and privacy policy . wikipedia is a registered trademark of the wikimedia foundation inc. a non profit organization . privacy policy about wikipedia disclaimers contact wikipedia developers cookie statement mobile view