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Smart Rate, Michael Strauss no longer authorized to do business in Illinois

Smart Rate Mortgage is no longer licensed as a residential mortgage company and Michael Strauss now has an inactive MLO license. ....

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Michael Strauss, Smart Rate appeal license suspension in Illinois

Michael Strauss and his company, Smart Rate Mortgage, have appealed a decision from an Illinois regulator to suspend their operating licenses. ....

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Illinois Suspends LO License Of Ex-Sprout CEO Michael Strauss

Illinois Suspends LO License Of Ex-Sprout CEO Michael Strauss
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Did Michael Strauss, accused of fraud, just start a new mortgage company?

After abruptly shutting down Sprout Mortgage and being accused of fraud, Strauss and his wife are linked to a new mortgage entity, Smart Rate Mortgage, LLC. ....

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Ex-Sprout employees: no paychecks, no severance and now, no health insurance

A week after shutting down, Sprout cut off health insurance retroactive to May 1, despite collecting insurance premiums from employees' paychecks, according to multiple former employees and documents reviewed by HousingWire. ....

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