loanDepot claims West Capital Lending used illegal playbook to become a top brokerage
loanDepot is accusing West Capital Lending (WCL) of hiring hundreds of loan originators as independent contractors and paying them revenue splits.
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loanDepot challenges class-action suit tied to LO comp rules, steering
loanDepot has filed a motion to dismiss a class-action lawsuit in Maryland alleging violations of loan officer (LO) compensation rules and borrower steering, arguing the plaintiffs failed to show they suffered a “concrete injury.”
Non-QM lender Griffin Funding unveils AI-driven underwriting platform
The tool pulls hundreds of pages of program guidelines into a single system and uses AI to deliver answers to loan qualification questions.
HOME launches bilingual learning system and AI-powered wholesale search tool
HOME Certified, an on-demand LMS, trains and certifies loan officers to serve Hispanic and Latino borrowers.
As reverse mortgage demand grows, lenders may need more personnel
More business could push reverse mortgage companies to grow their employee headcounts, but identifying high-quality workers won’t be easy.
Future unveils Alpha, an in-house AI mortgage system
Future Mortgage is currently beta testing Alpha in-house and plans to roll it out to all brokers in the first quarter of 2026.
NEXA Mortgage hires Eric Mitchell to help boost LO count
Mitchell will serve as a “key hire” recruiting partner for NEXA, newly appointed chief operating officer Jason duPont said in an interview with HousingWire.
After the Bayview deal, what’s the refi strategy for Guild Mortgage?
Guild LOs said they have yet to receive any guidance on how the two platforms would collaborate after the deal closes.
‘Dating the rate’ misled borrowers. Now they’re financially strained
An out-of-date mantra that once lured in prospective homebuyers is being criticized by mortgage originators who say clients were “misled.”
NAMB issues support for CHLA white paper on LO compensation
NAMB’s letter said that the association opposes the current “rigid” interpretation of loan originator compensation regulations.