Reverse mortgage lender Live Well Financial laying off 103 workers

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A recently shuttered local lender claims it was within its rights when it abruptly laid off its entire workforce with no advance notice. Live Well Financial, the once fast-growing, Chesterfield-based reverse mortgage company that in early May ceased operations and cut its staff of more than 100, argues in a lawsuit in federal court that it does not owe back wages to those workers, despite not.

Wells. workers because it can’t afford to pay them or is being forced to cut back. Rather, the company is laying off these workers because there aren’t as many mortgage delinquencies and other.

It encourages clients of any age to live within. check with your financial adviser or visit the U.S. Housing and urban development (hud) website for options on financial counseling and finding a.

Remember, just because you’re pre-approved for a mortgage doesn’t mean your loan is a sure thing, so don’t make any financial moves prior to your closing that might work against you. There’s a good.

The only thing I will say is if you like being laid off with no warning. You should look for a job here.. At Live Well Financial, it is our goal to provide our MLOs with the tools necessary to be successful.. Reverse Mortgage Solutions Reviews. Star Star Star Star Star 86 Reviews.

Top 432 Reviews about Live Well Financial – ConsumerAffairs – Original review: July 29, 2018. My brother and sister-in-law did a reverse mortgage with Live Well Financial and had such good experience. We were looking into different reverse mortgages and some.

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The company has also filed paperwork with employment officials in the state of Virginia, detailing that more than 100 workers have been laid off as of May 3. The notice now on Live Well’s front website page reads, "Due to unexpected circumstances, as of May 3, 2019, Live Well Financial, Inc. will cease to originate mortgage loans."

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In the face of what it claims is a liquidity crunch, a once fast-growing mortgage company based in the Southside is abruptly winding down its operations and laying off more than 100 employees. Live Well Financial, founded in 2005 by local entrepreneur and former Capital One executive Michael Hild.