Live Well Financial
| Industry | Financial services |
|---|---|
| Founded | April 2005 |
| Founder | Michael Hild |
| Defunct | 2019 |
| Fate | Charged and convicted of fraud |
| Headquarters | 1011 Boulder Spring Dr #420, , |
Key people |
|
| Products | Mortgages |
Number of employees | 300+ (2016) |
| Criminal charge | Securities 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. 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.
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. In 2019, Live Well was placed under involuntary bankruptcy protection.