#loan-officer-compensation

[ follow ]
#loandepot #mortgage-steering #class-action-lawsuit #tila #loan-steering #legal-standing #mortgage-education
fromwww.housingwire.com
6 days ago

Alleged loanDepot steering scheme detailed in amended court complaint

Borrowers have added new details in an amended complaint alleging that loanDepot engaged in a sophisticated, years-long scheme to steer customers into higher-rate loans to inflate its performance ahead of its 2021 initial public offering (IPO). The class-action lawsuit, filed in July in Maryland, claims the lender required loan officers (LOs) who couldn't push higher-cost loans to transfer borrowers to internal loan consultants (ILC).
Real estate
Law
fromwww.housingwire.com
2 weeks ago

loanDepot seeks dismissal of class-action lawsuit in Maryland

Borrowers allege loanDepot steered them into higher-cost loans and penalized loan officers; loanDepot argues the plaintiffs lack standing because their loans were unaffected.
Real estate
fromwww.housingwire.com
1 month ago

NAMB's Kimber White on affordable housing, mortgage education

Kimber White will prioritize education, mentoring, AI integration, affordable housing, young professional growth, and engagement on loan-officer compensation during her NAMB presidency.
[ Load more ]