nationalmortgagenews.com – Live Well Financial, a reverse and traditional mortgage lender that abruptly stopped originating on May 3, will lay off 103 employees, according to a Virginia Employment Commission filing. The national company, which is based in the Richmond, Va., area, has continuity plans for loans in progress.
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A top 10 HECM lender, Live Well is a long-time player in the reverse mortgage space. Most recently, the company came in at No. 7 with 305 loans year to date and 3.1% market share.
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Shortly thereafter, Live Well Financial notified the state of Virginia that it would be laying off 103 employees, including founder and CEO Michael C. Hild. In a notice to the state, the lender.
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Live Well Financial, Inc. ("LWF") was a privately owned mortgage originator, servicer and investor, licensed in the United States to operate in 46 states. The company offers government-insured Home Equity conversion mortgage loans (hecm, commonly known as reverse mortgages), FHA single family mortgage loans, and Fannie Mae conforming loans.
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Live Well Financial Inc., the once fast-growing mortgage lender and servicer, is ceasing operations because of what it calls "sudden and unexpected developments." The Chesterfield County-based.
Live Well Financial Reverse Mortgage Senior Review – Grandfolk – Live Well Financial is a mortgage lender that offers a variety of mortgage services, including reverse mortgages. The company was founded in 2005 and is licensed in all 50 states and Washington D.C. It has a team of counselors trained to comprehensively advise borrowers on the best options for their needs.
Live Well Financial, Inc. halts mortgage lending. Ocwen Financial Corp. – completed purchase of reverse mortgage lender Liberty Home Equity Solutions. Wells Fargo – laid off 87 mortgage workers in Raleigh Wells Fargo – cut 91 jobs in Fort Mill on soft refinance demand.