So I posted a blog yesterday about American Home Mortgage and the dire situation that they are in. Rumor has it that Accredited is in financial trouble as well. I know for a fact that my account rep resigned the other day. Does she know something we don't? I received the following email last night:
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Now that is word for word what they are sending out. Let's see what happens in the next month or so. I know one of the account reps that had worked for New Century went to Mortgage Simple after New Century folded up. His new company was "GREAT!" and he was talking about strong they were financially and they were not going to fold like the rest. I called him about a scenario last week and he informed that once again, he is unemployed due to the company closing its doors. Yikes! What a rough time to be an account rep in the mortgage business! On the brighter side, most of my deals flow through Wells, Countrywide, and Amtrust Ohio so me and my clients are safe....for now.
Any thoughts on Accredited anyone??
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