RPM Mortgage

RPM Mortgage is an independently owned and operated mortgage lender and broker based in Alamo, California. The company’s roots in the Bay Area stem back to 1986. RPM Mortgage is owned by Rob and Tracey Hirt. The company has over 70 branches in Arizona, California, Colorado, Nevada, Oregon, and Washington with over 800 loan agents and employees.

RPM Mortgage, Inc.
TypeIncorporated
IndustryMortgage
FounderRobert Hirt, CEO
Tracey Hirt, President
Headquarters
Alamo, CA
,
United States
OwnerRobert Hirt, CEO
Tracey Hirt, President
Number of employees
800+[1]
WebsiteRPM Mortgage, Inc.

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

Ratings and reviews

It is accredited by BBB.[3]

History

The company has been rooted in the Bay Area since 1986. In 1991, Rob and Tracey Hirt invested in a small, start-up mortgage company– Residential Pacific Mortgage. In 1996, Rob was awarded the ownership rights to re-acquire Residential Pacific Mortgage, which eventually became RPM Mortgage.[4] Rob has led RPM to become one of the top 15 private, retail mortgage lenders in the U.S. according to the Scotsman Guide 2015 rankings. Since its first evaluation from Standard & Poor's in 2012, RPM remains the only privately owned U.S residential mortgage originator to consistently receive above average ratings across all eight key areas S&P analyzes.[5][6]

References
  1. Gafni, Matthias (8 June 2015). "Alamo: RPM Mortgage fined $20 million over loan scheme". Contra Costa Times. Retrieved 10 June 2015.
  2. "Diablo Financial Profiles". Diablo Magazine. Retrieved 1 April 2011.
  3. "BBB Reliability Report for RPM Mortgage". Better Business Bureau. Retrieved 1 April 2011.
  4. Inc., RPM Mortgage (23 August 2016). "RPM Mortgage, Inc. | Our History". rpm-mtg.com. Retrieved 9 January 2017. {{cite web}}: |last= has generic name (help)
  5. "Top Retail Volume: Scotsman Guide's Top Mortgage Lenders 2015 - Scotsman Guide". www.scotsmanguide.com. Retrieved 9 January 2017.
  6. "Standard & Poor's RatingDirect" (PDF).
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