The article discusses a complaint filed by Lower against Residential Wholesale Mortgage (RWM) for allegedly poaching employees from Lower's earlier acquisition of Thrive Mortgage. Lower claims that RWM has taken 17 workers, some of whom are still listed as employed there. The article also mentions Lower's ongoing suit against New American Funding, where it claims poaching of 12 employees by former staff who left to join NAF simultaneously. NAF has moved to dismiss the case, disputing Lower's allegations of trade secret violations and harm.
Lower's lawsuit points to a pattern of aggressive employee recruitment within the mortgage industry, particularly highlighting claims of trade secret violations and poaching.
Lower’s acquisition of Thrive Mortgage has been pivotal, providing a talent pool that has since been targeted by their competitors, raising questions about employee retention.
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