Company Information

Get to know provident mortgage corporation

Founded in 1992, Provident Mortgage Corporation grew to become one of the largest correspondent mortgage lenders in the United States. The company's business model focused on purchasing closed loans from a network of smaller banks, credit unions, and mortgage brokers, in addition to its direct-to-consumer retail operations. In May 2015, Provident Mortgage abruptly announced it was shutting down all operations and winding down its business, citing challenging market conditions and increasing regulatory pressures as the primary reasons for its closure.

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provident mortgage corporation

United States

Founded in

1995 (31 Years)

Founded

Last online: No recent activity

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Regulated

Recommended

(73 reviews)

Cyprus

2009

(17 years)

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CySEC

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DFSA

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License

A Grade License

Issued by globally renowned regulators, these licenses ensure the highest trader protection through strict compliance, fund segregation, insurance, and regular audits. Dispute resolution and adherence to AML/CTF standards further enhance security.

B Grade License

Granted by respected regional regulators, these licenses offer robust safety measures such as fund segregation, financial reporting, and compensation schemes. Though slightly less strict than Tier 1, they provide dependable regional protection.

C Grade License

Issued by regulators in emerging markets, these licenses offer basic protections such as minimum capital requirements and AML policies. Oversight is less stringent, so traders should exercise caution and verify safety measures.

D Grade License

From jurisdictions with minimal oversight, these licenses often lack key protections like fund segregation and insurance. While attractive for operational flexibility, they pose higher risks to traders.

TrustFinance is not a licensed financial advisor and is not affiliated with any financial institutions in your region. We encourage you to do your own research before making any investment decisions.