America’s MoneyLine CEO Fights Back, Calls Out Mat Ishbia And Files Counter-Complaint Against UWM
By KIMBERLEY HAAS The CEO of California-based America’s MoneyLine is fighting back after being slapped with a $2.8 million lawsuit from lending giant United Wholesale Mortgage. In a statement released on Friday morning, Shawn Nevin claimed that UWM uses illegal, anti-competitive practices. At issue is the “All In” policy implemented by UWM CEO Mat Ishbia. Ishbia said in a Facebook Live message last March that brokers who work with Fairway Independent or Rocket Mortgage could no longer work with UWM. “Mat Ishbia’s ‘ultimatum’ is a blatant and desperate attempt to maintain his company’s grip on the throat of mortgage brokers across the country,” Nevin said. “As he works tirelessly to craft a false narrative around being champions of brokers, his…