On July 31st, the 8th largest wholesale lender (per Q1'07 report), American Home Mortgage/American Brokers Conduit, announced that it could not provide funding on loans sold to them by their brokers and correspondents across the nation. The 2 day impact alone is nearly $1 billion in home loans that will not be consummated. This is a historical event.
Top Mortgage Company will do everything in our power to assist our customers without compromising the integrity of our underwriting and operations groups. If you do have loans that are now in what we would classify as an "emergency situation" due to this failure, please call me now! We are here and are ready to do what we can to help. If you have not been effected by this event, then consider yourself lucky.
Whether you have been effected or not, this just once again drives home the point and one of the major advantages of doing business with a sound and stable company like Top Mortgage Company. We are literally a safe harbor for your business. We are a licensed mortgage company with access to hundreds of premium sources for funding with competitive low rates and low cost fees. We are waiting for your call to help you close fast!
Please call my office at 360-733-9898 or email me at info@topmortgage.com. Again we will do everything we can to assist borrowers and Realtors to get through this application process as swiftly as possible so that we can protect you against any market moves. Feel free to also contact us online at http://www.topmortgage.com/ or http://www.mytopmortgage.com/.
I thank you in advance and look forward to servicing all your financial needs.
Sincerely,
Siha K. Top
President
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