First American Title Insurance Co. and First American Mortgage Solutions LLC have filed a federal lawsuit against Novad Management Consulting LLC, alleging breach of contract and seeking to secure more than $1.6 million in disputed payments tied to reverse mortgage services.

The complaint, filed March 30 in the U.S. District Court for the District of Maryland, asks the court to issue a writ of attachment against Novad’s bank accounts or, alternatively, grant injunctive relief to prevent the company from moving or dissipating assets while arbitration proceedings are pending.

First American alleges Novad failed to pay for lien release and related services details ⇒

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