Housing Wire
SEPTEMBER 15, 2023
Guaranteed Rate Affinity has initiated legal action against former loan originators, accusing them of breaching contracts by failing to pay back advanced signing bonuses and commissions after they left the company. Gifoli served as a loan officer from May 2021 to October 2021. He declined to comment on the lawsuit.
Housing Wire
MARCH 26, 2021
million to more than 5,300 home mortgage consultants to resolve a pair of class-action legal claims that allege wage-and-hour violations in California, according to the settlement agreement in federal court. Wells Fargo agreed to pay $95.7 The deal will provide $62.8 A settlement with the U.S.
This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.
Housing Wire
AUGUST 17, 2023
These perks were offered in exchange for a requirement for agents and brokers to agree to be paired with a Freedom loan officer. Agents and brokers with access to subscription services made more than 1,000 mortgage referrals to Freedom since 2017, according to the CFPB.
Housing Wire
DECEMBER 16, 2020
In a lawsuit filed last week, a mortgage brokerage claimed that one of its former loan officers stole a database containing client names and information and brought it with him to a new job at NEXA Mortgage. The suit mirrors an earlier, parallel legal action filed in Illinois state court. 2013 and February 2019.
Housing Wire
APRIL 1, 2024
billion in mortgage loans in 2023, according to Kortas. As of Monday, the company had 2,391 sponsored mortgage loan officers, per the Nationwide Multistate Licensing System (NMLS). NEXA’s businesses America’s largest mortgage brokerage, NEXA originated $6.29 But that’s not the case for the aviation business.
Housing Wire
OCTOBER 10, 2023
The Bureau issued orders against Freedom Mortgage Corporation and Realty Connect USA Long Island in mid-August, its first such enforcement action since 2017. That’s because real estate agents and loan officers are in survival mode and desperate to close new business. However, the Freedom case represented a “wakeup call.”
Housing Wire
NOVEMBER 23, 2022
Illinois-based Interfirst Mortgage , legally known as Chicago Mortgage Solutions LLC , issued pink slips to employees this month amid forecasts that housing sales are expected to slump even more next year than 2022. billion in 2012, the company decided to shutter its business in 2017.
Expert insights. Personalized for you.
366 
Let's personalize your content