IRVINE,
Calif., July 30, 2024 /PRNewswire/ -- OCMBC, Inc.
has filed its answer in court to the baseless lawsuit filed by Home
Mortgage Alliance Corp (HMAC), which is purportedly run by
Alfred Hanna, the company's
alleged founder. OCMBC vehemently denies all claims
against it and its stellar reputation. In addition to addressing
the initial lawsuit, OCMBC has also filed a countersuit on behalf
of employee Michael Turturro and his
personal corporation, Jet Alliance.
![](https://mma.prnewswire.com/media/2470401/Turturro_Cross_Complaint_7_29_24.pdf?p=pdfthumbnail)
Alfred Hannah was barred by the
FHFA in 2017 based on prior misconduct involving his company,
Affiliated Funding Corporation, dba In-House Lender. He had a duty
to disclose those prior bad acts to Michael
Turturro before recruiting him and his team to join HMAC.
The countersuit alleges that regulated entities such
as Fannie Mae, Freddie Mac, HUD, VA, and warehouse banks are barred
from doing mortgage business with Hanna. Additionally, Hanna's
actions, including denying employees their due pay and refusing
vendors their contractual payments, which left Michael Turturro and his team no choice but to
seek other employment. Despite this, Hannah has continued to
defame Mr. Turturro throughout the industry, both publicly and
privately, including with Turturro's own vast book of personal,
past business relationships. Employees have every right to choose
their place of employment, without fear of reprisal or retaliation.
Hanna and HMAC are in continuous violation of various laws.
OCMBC remains committed to defending its employees who exercise
their rights and are being unjustly persecuted by disreputable
entities.
OCMBC, Inc. offers comprehensive solutions for wholesale lending
sales groups aiming to join a larger, well-managed company equipped
with extensive corporate resources, enhanced technology, structured
broker training, and top-tier products and pricing. OCMBC currently
collaborates with three such groups and has no need to seek or
utilize information from other companies. As reported by Scotsman
Guide, OCMBC is a top 5 wholesale lender, active in all loan
products, and the nation's #2 NonQM originator. For more
information, please visit www.OCMBC.com.
Links: FHFA Document on Affiliated Funding
Corporation Suspension
OCMBC, Inc. (NMLS #2125) is a leading mortgage lender and
servicer, proudly recognized as a Fannie Mae and Freddie Mac
Seller/Servicer. Approved by the Department of Housing and Urban
Development, the Department of Veterans Affairs, and USDA, OCMBC
boasts one of the nation's largest NonQM origination channels.
Licensed and approved in 47 states and the District of Columbia, OCMBC provides a wide
range of mortgage products and services to meet the diverse needs
of its clients. For more information, visit www.OCMBC.com.
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SOURCE OCMBC, Inc.