Home Mortgage Alliance Corporation Legal Update
Home Mortgage Alliance Corporation (HMAC), operational under the Jet Mortgage brand, is excited to announce the recent addition of Robins Kaplan, a national litigation firm known for its excellence, to its legal team. This new partnership is a strategic move aimed at supporting HMAC's ongoing lawsuit against OCMBC, Inc. and former senior executive, Michael Turturro.
The Lawsuit Against OCMBC
The legal battle commenced when HMAC filed a suit in the California state court, alleging that Michael Turturro, alongside OCMBC, engaged in a range of unfair business practices. This included serious accusations such as trademark infringement, fraud, misappropriation of trade secrets, breach of fiduciary duty, and civil conspiracy. The implications of such practices extend beyond legal repercussions and challenge the integrity and trust within the mortgage industry.
Preliminary Injunction Granted
On a significant date in May 2025, the court granted HMAC's preliminary injunction. This juncture was crucial as it permitted HMAC to stop OCMBC and Turturro from utilizing the infringing trade name 'Jet Advantage Mortgage.' The court’s ruling highlighted the substantial likelihood of confusion arising from the similarity of the trade names amid direct competition in the mortgage sector, particularly within Orange County.
Judicial Perspective
The court's findings underscored the seriousness of the allegations. The opinion noted that the defendants intentionally adopted a name strikingly similar to HMAC's 'Jet Mortgage' brand, evidently to market their services as direct competitors. Such actions posed a significant threat to HMAC's operational integrity, prompting the necessity of legal intervention.
Comments from Leadership
Alfred Hanna, the founder of HMAC, expressed confidence and optimism regarding this legal journey. Hanna stated, "We are delighted to have Robins Kaplan, including Jason Fair, its Managing Partner in California, join forces with Alan Lindeke and SeldenLindeke. This collaboration will bolster our efforts to defend our rights to the Jet Mortgage brand. We are eager for an expeditious trial to put an end to this distressing situation that has impacted our operations."
Company Overview
Established in 2013, HMAC has made significant strides as a national mortgage lender, operational in 47 states with a workforce exceeding 175 loan officers across 13 branches. The Jet Mortgage division, launched in 2022, functions as a national wholesale lender, catering to the needs of over 1,900 mortgage brokers throughout the nation. HMAC's commitment to excellence and ethical practices is evident in its continuous expansion and adaptation within the competitive mortgage lending landscape.
Frequently Asked Questions
What is the lawsuit about?
The lawsuit involves allegations of unfair business practices, including trademark infringement, against OCMBC and Michael Turturro.
Who is representing Home Mortgage Alliance Corporation?
HMAC is represented by Robins Kaplan in partnership with SeldenLindeke LLP in this legal matter.
What was the court's decision on the preliminary injunction?
The court granted HMAC a preliminary injunction to prevent OCMBC from using the name 'Jet Advantage Mortgage.'
How many states does HMAC operate in?
HMAC operates in 47 states across the country.
When was HMAC founded?
Home Mortgage Alliance Corporation was founded in 2013.
