OCMBC President Arrested For DUI, Murder

https://nationalmortgageprofessional.com/news/ocmbc-president-arrested-
dui-murder

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Serene Vernon (Rosenberg) had three prior convictions, per a police report

The president of the U.S.’s eighth-largest wholesale mortgage lender and 
largest Non-QM lender (by volume), OCMBC, Inc., has been arrested for the 
murder of an 88-year-old man she struck while driving under the influence 
of alcohol, police assess, just south of Laguna Beach around 6:15 p.m. on 
Friday evening.

Serene Rosenberg, better known in the mortgage industry as Serene Vernon, 
of Dana Point, Calif., was booked into the Orange County Jail for driving 
under the influence (DUI) with three prior convictions and “DUI causing 
injury,” according to the Orange County Sheriff Department.

The crash occurred at the intersection of Golden Lantern Street and 
Stonehill Drive early Friday evening. Emergency responders arrived to find 
that a Land Rover SUV had crashed head-on into a Ford Transit van.

An 88-year-old male passenger of the van, Melvin Joseph Weibel, of Dana 
Point, was pronounced dead at the scene. The driver of the Transit van was 
transported to an area hospital where he was treated for serious but non-
life-threatening injuries.

OCMBC, Inc., is a U.S. wholesale mortgage and Non-QM lender that does 
business as LoanStream Mortgage, Lending Pros, Forward Mortgage, and Jet 
Alliance Mortgage. In late August 2024, OCMBC acquired struggling HomeStar 
Financial Corporation in a move that markedly expanded OCMBC's reach 
across the country.

OCMBC produced roughly $5.1 billion in total loan volume in 2024 across 
approximately 12,000 units, according to Modex, including roughly $3.5 
billion in conventional volumes.

OCMBC President Serene Vernon (Rosenberg) shared her enthusiasm about the 
HomeStar acquisition at the time. Rosenberg's LinkedIn describes her role 
as "President and Shareholder" of LoanStream Mortgage, as of this 
article's publication.

A press release published by OCMBC around 6:15 on Sunday evening said that 
Vernon had been put on administrative leave and John Hamel, OCMBC's chief 
capital markets executive, would be assuming the permanent role of 
president.

"OCMBC, Inc. expresses its deepest sympathies following the tragic traffic 
accident that occurred in Dana Point on January 31, 2025," the press 
release reads. "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."


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