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Live Well Financial has confirmed it is shutting down its mortgage loan origination practice. The move has resulted in the immediate layoff of staff. On its website, the virginia-based company announced, "Due to unexpected circumstances, as of May 3, 2019, Live Well Financial, Inc. will cease to originate mortgage loans."
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Live Well Financial has confirmed on its website that it has ceased origination operations as of May 3, following information detailed to RMD last week describing that the firm would halt funding for new loans. 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.
Live Well Financial’s management team brings a wealth of experience spanning from decades of traditional mortgage know-how, banking, insurance, and other consumer financial services. We believe our strength and diversity of experience, along with a dedication to the close integration of marketing, operations, and information technology give.
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Live Well Financial laying off 103 employees; blames closure on market, root-May 7, 2019. 0. Real Estate. Live Well Financial shutters origination operations | 2019-05-06. root-May 6, 2019. 0. Newspaper is your news, entertainment, music fashion website. We provide you with the latest.
Live Well financial originated traditional and reverse mortgage loans as well as FHA and VA loans. It also operates a servicing arm. No word yet on whether the company will continue to service loans or if it will sell off that business and close completely.