Quality Control Employee Canned By Lender After Cooperating With Feds In Loan Probe, Suit Alleges

In Denver, Colorado, the Denver Business Journal reports:

• A former employee [reportedly an ex-“high-risk specialist” in quality control] of Aurora Loan Services LLC alleges in a lawsuit filed [last week] that the company fired him in retaliation for helping federal investigators who were looking into one of its loans. [...] One person in the legal department “lamented” that providing the information could mean Aurora Loan Services would have to buy back the loan, costing the company money, the suit says. On Sept. 4, 2008, the company’s human resources office told [ex-employee Michael] Walker he was fired, the lawsuit says.

• “Instead of commending Mr. Walker for his honest and diligent work, (Aurora Loan Services) claimed that Mr. Walker’s provision of this information had violated ALS’ so-called “zero-tolerance policy for privacy violations” and fired him, the lawsuit says.

For more, see Fired loan-firm employee sues, alleging retaliation for helping feds.