Texas-based multichannel lender Caliber Home Loans is accusing Ohio-based CrossCountry Mortgage of executing an “illegal scheme of unfair competition” by targeting its employees, stealing trade secrets and diverting customers. 

The accusations are part of a lawsuit filed in May in the U.S. District Court for the Western District of Washington in Seattle. National Mortgage News first reported the case.

Caliber claims its rival hired more than 80 of its employees, among them 40 loan producers, beginning in February 2021. The staff worked across 18 different branch offices in six states: Washington, Oregon, Texas, Florida, Tennessee and California.  

“The departed employees were responsible for more than $2.3 details ⇒

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