Live Well Financial

Live Well Financial Inc.
IndustryFinancial services
FoundedApril 2005 (2005 -04)
FounderMichael Hild
Defunct2019 (2019)
FateCharged and convicted of fraud
Headquarters1011 Boulder Spring Dr #420,
Richmond, VA
,
United States
Key people
  • Michael Hild, CEO/Founder
  • Eric Rohr, CFO (2008-2018)
  • Darren Stumberger, head trader (2014-2019)
ProductsMortgages
Number of employees
300+ (2016)
Criminal chargeSecurities fraud, wire fraud, bank fraud

Live Well Financial, Inc. ("LWF") was an American privately owned mortgage originator, servicer and investor that operated between 2005 and 2019 when it was put into involuntary bankruptcy.

Prior to its demise, it was licensed in the United States to operate in 46 states.[1] The company offered government-insured Home Equity Conversion Mortgage loans (HECM, commonly known as reverse mortgages), FHA single family mortgage loans, and Fannie Mae conforming loans. LWF was headquartered in Richmond, Virginia and had 3 retail origination branches, 2 in Richmond, Virginia and 1 in San Diego, California, with origination capabilities throughout the United States.[2]

The company and its principals were the focus of criminal and civil charges alleging a large-scale financial fraud in 2021, which the company's CEO, CFO, and head trader was found guilty of in a federal court.[3][4] In 2019, Live Well was placed under involuntary bankruptcy protection.[4]

  1. ^ "NMLS Consumer Access". Retrieved 1 April 2016.
  2. ^ "Lender List". Retrieved 1 April 2016.
  3. ^ "Former CEO Of Live Well Financial Charged In $140 Million Bond Fraud Scheme". www.justice.gov. 29 August 2019. Retrieved 9 October 2019.
  4. ^ a b From, staff reports (2023-01-31). "Michael Hild, former Live Well Financial CEO, sentenced to 44-month prison term". Richmond Times-Dispatch. Archived from the original on 4 October 2023. Retrieved 2023-10-04.