CAREER & COMPENSATION

An Illinois lender and its father-son executive team must pay some of their former loan officers over a million dollars in damages for wage claims, a federal judge has ruled. Processing Content A jury last year found Smart Mortgage Centers owner and president Richard Birk liable for federal wage claims against five LOs, after the

Benchmark Mortgage is suing two of its former top employees for a scheme in which they allegedly shared sensitive companywide financial information with competitors. Processing Content The complaint filed last week in Texas Business Court accuses Marty Preston and Denise Donoghue of violating state law in misappropriating trade secrets. A hearing for a temporary injunction

A loan officer couple under fire in a poaching lawsuit is suing their former lender for allegedly scraping their private emails to make their case.  Processing Content Ashley and Christopher Hoehn sued Stockton Mortgage this week in federal court for computer fraud, adding another layer to a legal battle between the parties. The Alabama-based couple,

Equity Prime Mortgage is asking a judge to enforce a six-figure settlement slated for its former employees in a wage case, a deal the workers’ attorneys say isn’t real.  Processing Content The company this week claims the parties agreed to a $660,000 payout last summer, and that the plaintiffs’ attorneys are now reneging on that

Churchill Mortgage and an ex-manager are sparring in a poaching case with accusations of unpaid severance, stolen customers, claims the lender is broke, and ChatGPT espionage. Processing Content The company sued Jeffrey Miller last summer, claiming the laid-off manager used internal compensation and performance data to lure his former colleagues to his new employer Supreme