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Real Estate

LoanStream Mortgage exec arrested after deadly automobile accident

Editorial Board
Editorial Board Published February 4, 2025
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LoanStream Mortgage exec arrested after deadly automobile accident
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President of Irvine, California-based wholesale mortgage lender with historical past of drunk driving convictions arrested on suspicion of homicide after 88-year-old man is killed in head-on accident.

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An government at a wholesale mortgage lender in Orange County, California, with a historical past of drunk driving convictions might be going through homicide costs following a head-on collision Friday that killed an 88-year-old Dana Level man.

Serene Francie Rosenberg — identified professionally as Serene Vernon, the president of LoanStream Mortgage — was arrested on suspicion of driving beneath the affect with three prior convictions, the Orange County Sheriff’s Division stated in a information launch Saturday.

LoanStream Mortgage exec arrested after deadly automobile accident

Serene Francie Rosenberg

Rosenberg, 48, was allegedly behind the wheel of a Land Rover SUV that was touring westbound on Stonehill Drive earlier than turning left in opposition to a purple arrow sign instantly in entrance of a Ford Transit van, deputies stated.

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A passenger within the van, Melvin Joseph Weibel, was pronounced lifeless on the scene. The motive force of the van was taken to a neighborhood hospital and handled for “serious but non-life-threatening” accidents, the sheriff’s division stated.

Rosenberg was booked into the Orange County Jail on suspicion of homicide and DUI inflicting harm, deputies stated. The accident stays beneath investigation, and will probably be as much as the Orange County District Legal professional’s Workplace to resolve what, if any, costs to file.

Inman was unable to achieve Rosenberg or her lawyer for remark.

In a press release, OCMBC Inc. (which does enterprise as LoanStream Mortgage), stated Rosenberg has been positioned on administrative depart, and that John Hamel has assumed the everlasting function of firm president.

“Our thoughts are with everyone affected by this heartbreaking event and we intend to monitor the situation closely, responding with care and responsibility in accordance with our company’s core values,” OCMBC stated in a assertion.

Hamel, who was beforehand OCMBC’s chief capital markets officer, has “deep industry knowledge” and can guarantee the corporate’s “unwavering commitment to clients, partners, and employees remain steadfast,” the corporate stated.

John Hamel

“Our leadership team is well-positioned to navigate this transition effectively and will continue to uphold the integrity and reliability that our clients expect,” Hamel stated in a press release.

Primarily based in Irvine, OCMBC is licensed in 49 states (all however New York), and in addition does enterprise as Brokers Selection Mortgage, Ahead Lending, Jet Benefit Mortgage and LendingPros, in keeping with information maintained by the Nationwide Multistate Licensing System.

Get Inman’s Mortgage Temporary Publication delivered proper to your inbox. A weekly roundup of all the most important information on the planet of mortgages and closings delivered each Wednesday. Click on right here to subscribe.

E-mail Matt Carter

TAGGED:AccidentArrestedCarexecfatalLoanStreamMortgage
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