Google is ranking garbage sites after the updates...

Sorry but have to rant here.... A competitor site in the mortgage business here in Toronto is ranking #1 for a good keyword phrase, decent traffic . Website is EMD and basic WordPress, nothing special, just a bunch of text . No company name, address, licensing number not displayed which is 100% illegal as per regulator rules. Phone number goes straight to voicemail lol. Completely garbage site. Only 16 backlinks showing in moz etc. How is Google thinking this is a quality website to rank #1 .. Absolutely ridiculous.... Meanwhile I'm getting knocked down after rising for weeks with new backlinks and content. What a joke.