6 legal disputes for mortgage professionals to watch

After it was accused of raiding talent from two of its competitors, Ohio-based CrossCountry is suing one of its accusers, Guild Mortgage, for allegedly persuading a departing employee to divert loans and information before leaving the firm. This comes after a previous lawsuit last October in which Guild sued CrossCountry over an alleged raid of Guild’s Kirkland, Washington branch.

“On information and belief, Guild has perfected its scheme and will continue to harm CCM unless stopped,” said Marc Cwik, an attorney with Lewis, Brisbois, Bisgaard & Smith, LLP, on behalf of CrossCountry.

Separately, Dallas-based Caliber Home Loans is suing CrossCountry for allegedly stealing more than 80 of its employees responsible for more than $2.3 billion in annual mortgage originations.