A tremendously odd change took place on Oct. 23 in a hot, crowded hearing space in Hartford, where in fact the fate of first Alliance Lending LLC, a once-large Connecticut mortgage loan provider, hung in the total amount.
Stacey Serrano, an attorney for hawaii Department of Banking, had presented document after document, e-mail after e-mail, to her witness, Dan Landini, an examiner for the exact same division. Serrano joined each one of these as proof and asked Landini to see quite a few aloud with minute details, verifying they were real.
About this time, they certainly were up showing No. 391. Serrano and Landini would repeat this for several days, all within the department’s instance against first Alliance, that is faced with using mortgage that is unlicensed originators to accomplish work that needs a permit.
Landini was — but still is, even today — the very first substantive witness in this administrative hearing away from significantly more than 25 the division and first Alliance may phone to testify during the department’s workplaces. Continue reading