Reverse mortgage lender Live Well Financial laying off 103 workers

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Live Well Financial is a mortgage lender that offers a variety of mortgage services, including reverse mortgages. The company was founded in 2005 and is licensed in all 50 states and Washington D.C. It has a team of counselors trained to comprehensively advise borrowers on the best options for their needs.

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Reverse mortgage lender Live Well Financial laying off 103 in closure. root-May 7, 2019. 0. Editors’ pick. Nationstar’s next reverse mortgage deal recycles collateral. root-march 10, 2018. 0. Newspaper is your news, entertainment, music fashion website. We provide you with the latest breaking news and videos straight from the entertainment.

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Trouble continues to brew for Live Well Financial, the forward and reverse mortgage lender that unexpectedly went bust last month, as court documents reveal that authorities are looking into the.

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I started my mortgage career at Live Well Financial in 2014. I was the second group hired when they branched out from whole sale and started a retail division. We specialized in the HECM but when a financial assessment was added to the program several years ago we started offering conventional, VA, and FHA 15 and 30 year products.

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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.

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Virginia-based Live Well Financial announced Friday that it was ceasing originations "due to unexpected circumstances." The forward and reverse mortgage lender and servicer also filed a notice with the Virginia Employment Commission informing the state of its closing and subsequent layoff of 103 employees in Richmond, Virginia.