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loanDepot sues CrossCountry for “poaching” high-performing LOs in New York

Anthony Hsieh, founder and CEO of loandepot

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Anthony Hsieh, founder and CEO of loandepot

Even in a downturn, the loan officer recruiting wars remain fierce. Beleaguered nonbank lender loanDepot is suing rival lender CrossCountry for allegedly dozens of poaching high-performing loan officers from its New York branches. They’re at least the third lender to sue CrossCountry for poaching over the last two years.

The lawsuit, filed in federal court in New York last week, alleges that since February 2022 “CrossCountry improperly poached no fewer than 32 loanDepot employees from loanDepot branches details ⇒

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