2023 Contracts Legal Loan Officers 
Housing Wire
DECEMBER 20, 2023
Mortgage rates had climbed close to the 7% range and he was determined to remain competitive on pricing with rival loan officers in North Carolina. After Mike paid his loan officer assistant, he was clearing just 40 bps. The lower comp rate stung. Still, it was better than nothing.
Housing Wire
JANUARY 29, 2024
Three years into its controversial ultimatum , United Wholesale Mortgage (UWM) continues to engage in legal battles with its broker partners selling loans to rivals Rocket Mortgage and Fairway Independent Mortgage Corp. Therefore, we will follow the agreed upon contract and win damages.” UWM sued Kevron Investments Inc.
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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
APRIL 18, 2024
A former loan officer at Guaranteed Rate (G-Rate) has sued the lender and two managers for allegedly discriminating against her on the basis of gender, failing to compensate her equally to male coworkers with similar performance and subjecting her to sexual harassment.
Housing Wire
FEBRUARY 5, 2024
RMS had 70 offices in 14 states, 850 employees, and 250 loan officers. billion in mortgage loans. However, if the contract was terminated with cause – which includes cases of fraud or breach of fiduciary duty, among others – he would not receive the severance compensation. In 2020, it originated $8.5 2 in a U.S.
Housing Wire
FEBRUARY 26, 2024
Top 10 mortgage lender and servicer Newrez sued one of its former executives over multiple allegations, including breach of contract, disclosure of confidential information and unfair competition tied to soliciting several Newrez executives to join a competing lender. 21 in the U.S. the Nationwide Multistate Licensing System (NMLS) showed.
Housing Wire
AUGUST 31, 2022
After two record-setting years of mortgage origination volume, the mortgage industry is contracting, sharply. For example, within these firms, there are occupations such as loan officers, loan interviewers, title-related occupations, and loan counselors that could apply to both mortgage and non-mortgage lending.
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