Real Estate & Home

OneTrust sues UWM, E Mortgage Capital over trade secret theft

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OneTrust Home Loans is suing E Mortgage Capital (EMC) and United Wholesale Mortgage (UWM) for allegedly orchestrating a scheme to steal trade secrets and poach employees, diverting over $31 million in loan volume. The lawsuit claims former OneTrust employees used unauthorized platforms to divert borrower information and loan opportunities to EMC and UWM. Both EMC and UWM deny the allegations, asserting they have policies against accepting leads from former employers and will defend themselves legally.

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