Sprout Mortgage reportedly in settlement negotiations with laid-off employees
Sprout Mortgage is addressing some fallout from last summer’s shutdown. It is currently discussing settlements with former employees, certain business partners, but not cooperating to other lenders. Five federal lawsuits have been filed against the former East Meadow, New York-based…
Wells Fargo CEO Scharf’s salary at $24.5 Million for 2022
Charlie Scharf, Chief Executive of Wells Fargo. This was despite the fact that the bank’s profit and stock fell in the year. The bank also continued to deal with the fallout from a series of scandals. According to Thursday’s filing,…
PacWest restructures Civic Financial Services operations
PacWest Bancorp is reorganizing its operations to eliminate silos and unify business lines. This includes changes to the Civic Financial Services mortgage lending company. Paul Taylor, who was recently appointed president and CEO of PacWest, said that the company has…
Amerisave denies laid off employees, suits
AmeriSave Mortgage Corp.’s laid-off employees are suing the lender in a class-action lawsuit. They claim that the lender disparaged workers after a mass termination, and that it owes them millions of dollars. Eleven plaintiffs claim that a class of 140…
American Pacific Mortgage plans to expand its business.
California-based American Pacific Mortgage continues its expansion of its market presence, announcing Thursday the acquisition of Lend Smart Mortgage. LLCMinnesota-based Lend Smart Mortgage now has close to 30 branches across the country. Its main presence is in the midwest. The…
Morgan Trent, top L.A. Compass agent, moves to Christie’s
Christie’s International Real Estate. According to the firm, Trent Luxury has more $8 billion in total sales. Trent, a top-producing luxury residential real estate agent, hails from Southern California. He graduated from the University of Michigan in 2009 and was…
12 ways real estate agents can become local experts
A new agent can present many challenges, such as building a business, understanding the industry, and creating a marketing strategy for a competitive market. Your confidence in yourself and your abilities is the most important challenge. In starting your own…
On the final day of Inman Connect, Compass and other brokerages face off
The Inman Connect New York stage was hot Thursday as Rory Golod (the president of Compass’ North East division and California divisions), Thaddeus Wong (the co-founder of @properties), and Leo Pareja (the chief strategy officer at eXp Realty) took to…
Video feature for agents is added to rila, the “Instagram of real-estate” website.
Los Angeles-based home discovery platform, rila, has added a video feature to their app. The app now allows users to upload 30-second videos of their homes. This will allow agents to highlight the property’s features and engage potential buyers. Forbes…
Luxury Presence launches a new set of tools for agents
Luxury Presence, a real estate marketing company, launched a new range of offerings that included brokerage websites, branding services, SEO and marketing tools to agents. The new solutions include IDX-integrated agents subdomain sites, lead route, a Moxi integration and enhancements…