Lenders take more poaching accusations to court
Lenders take more poaching accusations to court
Abstract
CrossCountry Mortgage, accused of raiding two competitors, is suing one of those accusers, alleging the lender remains in possession of its confidential information. Ohio-based CrossCountry last week sued Guild Mortgage in Nevada U.S. District Court for civil conspiracy, among other counts, for allegedly persuading an employee to divert loans and information to Guild before she departed to the firm. It's the second lawsuit between the firms after Guild last October sued CrossCountry in a Washington federal court over its alleged raid of Guild's Kirkland, Washington branch. CrossCountry, in the new lawsuit, accuses its former Las Vegas branch manager Mirajoy Casimiro of transferring the lender's confidential information in late 2020 to her personal email account before departing to Guild in January 2021, and continuing to use the confidential information to originate loans. Representatives for Guild and an attorney for CrossCountry didn't respond to requests for comment Tuesday. Guild in its October lawsuit accuses CrossCountry of stalling the discovery process and the two sides will appear before a federal judge in a hearing next Wednesday. Lozoya, during her just over one-year employment period with InstaMortgage, diverted borrower information to AHL Funding, which caused confusion among consumers, the former company alleged.
