Top originator United Wholesale Mortgage settled a lawsuit with broker shop Mid Valley Funding, in which the broker shop was accused of violating UWM's controversial ultimatum by sending loans to rivals Rocket Mortgage and Fairway Independent Mortgage.The settlement, reached on June 5, dismissed the lawsuit with prejudice, requiring Mid Valley to pay $40,000 to UWM, as the brokerage firm acknowledges that it sent loans to Rocket and/or Fairway after the ultimatum was in effect.
#immediately #investments #representatives #competitors #southern-california #unfortunate #recent-interview
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