Supreme Lending, a prominent mortgage lender in the United States, has faced several lawsuits in recent years, involving allegations ranging from employment disputes to breach of contract. While some cases have been resolved, others remain ongoing, highlighting the complexities of the mortgage industry and the potential legal ramifications faced by lenders.
Union Home Mortgage Corp. v. Everett Financial Inc.
In 2023, Union Home Mortgage Corp. (UHM) filed a lawsuit against Everett Financial Inc., doing business as Supreme Lending, alleging that Supreme Lending wrongfully recruited four of its employees. UHM claimed that Supreme Lending induced the employees to leave UHM by offering them higher salaries and other incentives. The case is currently pending in the United States District Court for the Northern District of Georgia.
Hynowitz et al v. Supreme Lending et al
Another lawsuit filed against Supreme Lending in 2023 involves Steven N. Hynowitz and Deborah B. Plummer, who allege that Supreme Lending breached a contract to provide them with a mortgage loan. The plaintiffs claim that Supreme Lending failed to close the loan as agreed upon, causing them to lose their investment property. The case is currently pending in the United States District Court for the Northern District of Georgia.
14-1028 – Everett Financial Inc v. Primary Residential Mortgage Inc et al
In 2014, Supreme Lending filed a lawsuit against Primary Residential Mortgage Inc. (PRMI) and several of its employees, alleging that PRMI tortiously interfered with its business relationships and misappropriated trade secrets. The case was settled out of court in 2016.
Supreme Lending | Complaints
The Better Business Bureau (BBB) profile for Supreme Lending lists several customer complaints, many of which allege problems with loan processing, communication issues, and high fees. The BBB has assigned Supreme Lending an “F” rating, indicating that the company has failed to resolve a significant number of customer complaints.
Conclusion
The lawsuits against Supreme Lending highlight the potential legal risks associated with mortgage lending. Lenders should take steps to ensure that they are complying with all applicable laws and regulations and that they are treating their customers fairly.
FAQs
What is the most common type of lawsuit filed against Supreme Lending?
The most common type of lawsuit filed against Supreme Lending is breach of contract.
What is the average settlement amount for a lawsuit against Supreme Lending?
The average settlement amount for a lawsuit against Supreme Lending is difficult to determine as each case is unique. However, some cases have resulted in settlements in the millions of dollars.
What can I do if I have been harmed by Supreme Lending?
If you believe you have been harmed by Supreme Lending, you should consult with an attorney. An attorney can assess your situation and advise you of your legal options.
How can I avoid being sued by Supreme Lending?
You can avoid being sued by Supreme Lending by carefully reading all contracts before signing them and by making sure you understand the terms and conditions of your loan. You should also communicate with Supreme Lending in writing and keep copies of all communications.
What is the BBB rating for Supreme Lending?
The BBB rating for Supreme Lending is an “F”.
What are some of the customer complaints against Supreme Lending?
Some of the customer complaints against Supreme Lending include problems with loan processing, communication issues, and high fees.