Caliber Home Loans

[{"selector":"#anim-0ea89574-3f47-41c1-90b3-85eb0adc7b46 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate(-1.0658141036401503e-14%, 0%) scale(1.5)","translate(0%, 0%) scale(1)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}] Caliber has filed a lawsuit against CrossCountry after 80 employees departed for a competitor.

[{"selector":"#anim-e00761cd-43bd-43ae-a55c-60fa81eb91d3 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate3d(-9.098974515221116%, 0, 0)","translate3d(0%, 0, 0)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"both"}] The departed staff, according to Caliber, produced more than $2.3 billion in mortgages per year.

[{"selector":"#anim-26817f22-1523-448a-9b35-1f9150c77478 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate(0%, 0%) scale(1.5)","translate(0%, 0%) scale(1)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}] Last January, Caliber Home Loans' CEO resigned.

[{"selector":"#anim-a88c2191-3e55-4ffa-8ea1-2123d5da124f [data-leaf-element=\"true\"]","keyframes":{"transform":["translate3d(-36.39440183796762%, 0, 0)","translate3d(0%, 0, 0)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"both"}] According to reports, CrossCountry offered a $1 million bonus with an additional $500,000.

[{"selector":"#anim-8ff6776b-7f15-46ae-8739-8292a807117a [data-leaf-element=\"true\"]","keyframes":{"transform":["translate(0%, 0%) scale(1.5)","translate(0%, 0%) scale(1)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}] CrossCountry Mortgage, situated in Ohio, is accused of unfair competition and misappropriation of trade secrets by the Dallas-based lender.

[{"selector":"#anim-0dff03aa-eb66-4cda-bed5-dfe7424d68d3 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate3d(7.820737881140472%, 0, 0)","translate3d(0%, 0, 0)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"both"}] A lawsuit was filed in May in the United States District Court for the Western District of Washington in Seattle, alleging the allegations.

[{"selector":"#anim-c2a33fc4-e136-4bb2-b5ef-254f236af732 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate(-8.962184816747751%, 0%) scale(1.5)","translate(0%, 0%) scale(1)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}] The manager Everts allegedly signed an offer letter from CrossCountry but kept it hidden for three weeks, according to Caliber.

[{"selector":"#anim-7f3437eb-f794-48d8-b0d2-fd68017bcd10 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate3d(17.824599331715817%, 0, 0)","translate3d(0%, 0, 0)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"both"}] As per Advance Market Analytics, the mortgage broker market is booming worldwide amid unfair practices.

[{"selector":"#anim-00978459-9c53-4f93-8c9b-1bbf63580f8d [data-leaf-element=\"true\"]","keyframes":{"transform":["translate3d(-7.820737881140466%, 0, 0)","translate3d(0%, 0, 0)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"both"}] New Residential Investment has reduced hundreds of job positions in its mortgage division less than a year after acquiring Caliber Home Loans.

Thank you for watching !

[{"selector":"#anim-21e4bc90-92b3-4b85-8ba5-07f8ae47c63a [data-leaf-element=\"true\"]","keyframes":{"transform":["translate(-5.016979297666381%, 0%) scale(1.5)","translate(0%, 0%) scale(1)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}] Caliber Home Loans, the nationwide mortgage lender and servicer, has been named to the HousingWire Tech100 list for 2022. Learn more