A recent lawsuit filed by Home Mortgage Alliance Corp. accuses OCMBC of engaging in unethical practices, including poaching personnel and unauthorized use of the company’s brand name. The allegations put forth in the lawsuit have raised concerns within the mortgage industry and have garnered significant attention from industry professionals.

Key points from the lawsuit include:
– Home Mortgage Alliance Corp. claims that OCMBC has been recruiting their employees, leading to a potential loss of talent and proprietary information.
– The lawsuit also alleges that OCMBC has been improperly using the Home Mortgage Alliance Corp. brand name, potentially causing confusion among consumers and damaging the reputation of the company.
– Industry experts are closely monitoring the developments of this case, as the outcome could have far-reaching implications for the mortgage industry as a whole.

You can read this full article at: https://www.housingwire.com/articles/wholesale-lender-ocmbc-calls-lawsuit-from-hmac-baseless/(subscription required)

Note Servicing Center provides professional, fully compliant loan servicing for private mortgage investors so they can avoid the aggravation of servicing their own loans and just relax and get paid. Contact us today for more information.