loanDepot accused of steering, loan officer compensation violations
According to the lawsuit, loanDepot required loan officers unable to obtain higher-cost loans to transfer borrowers to internal loan consultants, regardless of actual necessity.
Former loanDepot CFO Patrick Flanagan lands at Rate
Flanagan's move comes shortly after a significant leadership shakeup at loanDepot, reflecting the ongoing challenges in the mortgage industry and the demand for strategic financial leadership.