loanDepot top 25 originator surrenders California MLO license over allegations of mortgage misconduct

loanDepot VP of Mortgage Lending Decker impressively sits in the top 1% of the top 1% of mortgage loan production records, but his career is now hitting a speed bump as Decker must give up his California MLO license in a settlement with the state after Decker was accused of failing to disclose that he’d previously run into trouble for allegedly taking borrowers’ loan files with him from one job to another. Decker was also accused of directly providing loan funds to a borrower without properly disclosing where the money came from.