2016 Loan Officers Training 
Housing Wire
MARCH 26, 2021
The lawsuit, which combined two legal actions that were designated a class action, was filed on behalf of 5,377 loan officers and other mortgage staffers employed by the bank in California from 2013 and 2019. The deal will provide $62.8 million to the class members, with the remainder going to plaintiffs attorneys.
Housing Wire
JANUARY 9, 2025
According to the complaint, The Mortgage Firm significantly underperformed its peer lenders when generating mortgage applications from neighborhoods with high concentrations of Black and Hispanic neighborhoods in the Miami metro area from 2016 through 2021. The company received 9,375 mortgage applications during the period, of which 30.4%
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Housing Wire
SEPTEMBER 27, 2023
In this case, the alleged redlining occurred from 2016 through at least 2021, when the bank failed to open a branch in majority-Black and Hispanic neighborhoods. The DOJ alleges that the bank also failed to train and incentivize its staff to market and advertise its mortgage services to compensate for its lack of presence in these areas.
Housing Wire
MAY 2, 2022
issued pink slips to over 350 non-commissioned loan officers, a workforce reduction that former workers claimed to represent more than half of Interfirst’s entire staff. The company reduced its origination to $2 billion in 2016 before shutting down altogether in 2017. Six months ago Interfirst Mortgage Co.
Housing Wire
OCTOBER 28, 2022
Stallings and Paul Abraham, who have been at the firm about a decade, and Michael Stallings, who joined in 2016. The new division executives include Gus Lobo who joined the company since its inception in 2002 and now leads 200 employees, including 136 MLOs across 37 branch locations and also focus on recruitment and training.
Housing Wire
DECEMBER 1, 2020
Paul Akinmade, Chief Strategy Officer, CMG Financial. Paul Akinmade joined CMG Financial in 2016 to lead the expansion of the company’s marketing department ahead of a major staffing initiative.
Housing Wire
JUNE 10, 2022
Erickson will be in charge of product management, the procurement and advancement of technology solutions and will oversee the training department and support teams for Motto Mortgage and wemlo. For wemlo, his primary focus is to enhance the existing loan processing platform to improve user experience.
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