Austin-based Open Mortgage has announced that it is hiring approximately 50 sales and operations employees of Live Well Financial who found themselves out of work when the Richmond, Va.-based company shut down earlier this month.
Open Mortgage has also hired three members of Live Well Financial’s mortgage lending team: Bruce Barnes, Jim Cory and Joshua Moran, formerly Executive Vice President, Senior Vice President of Operations and Senior Vice President of Wholesale & Correspondent Lending, respectively. Live Well Financial was founded in April 2005 as a lender and servicer of traditional and reverse mortgages, but abruptly ceased operation on May 3 due to what it called “sudden and unexpected developments.”
“As a top reverse mortgage lender, Live Well Financial’s team has unparalleled industry expertise in all phases of reverse mortgages and a love of technology, just like us,” said Scott Gordon, Founder and CEO of Open Mortgage. “We are expanding the Open Mortgage family and gaining some of the brightest folks in our industry.”