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Get to know Rushmore Correspondent Lending Services

Rushmore Correspondent Lending Services was the business-to-business correspondent lending division of Rushmore Loan Management Services LLC. The company's primary business was to acquire newly originated mortgage loans from smaller banks, credit unions, and independent mortgage bankers across the United States. This allowed original lenders to free up capital and Rushmore to grow its mortgage servicing portfolio. In 2023, the parent company, Rushmore Loan Management Services, was acquired by Mr. Cooper Group. Following the acquisition, the Rushmore Correspondent Lending business was discontinued, and its partners were directed to Mr. Cooper's correspondent program.

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Rushmore Correspondent Lending Services

United States

Founded in

2019 (7 Years)

Founded

Last online: No recent activity

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Markets.com

(326 reviews)

United States

2008

(18 years)

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A Grade License

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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.

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