Court Upholds Conn Banking Department Actions Vs 1st Alliance nationalmortgageprofessional.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from nationalmortgageprofessional.com Daily Mail and Mail on Sunday newspapers.
A Connecticut Superior Court Judge has reviewed a long-running legal dispute that could define the role loan officers in direct mortgage operations play in originations.
John DiIorio’s 1st Alliance Lending was booming three years ago after being financed by $1.5 million in state business development money. But that ended precipitously in 2019 – and the state lost its investment – when state bank regulators said his business plan, the basis of the development money, violated lending laws.