My five year stint in the mortgage industry has officially come to a close.  With the recent down turn in the industry many mortgage companies are downsizing and making changes to what they expect from their loan originators. CTX is no exception. Its parent company Centex is closing all CTX retail branches and only keeping the builder financing part of the business.  While there was a concerted effort from Centex to find CTX Mortgage a home with a different lender, given the volatile mortgage market this never transpired.  Last month, it was announced that all retail branches and loan officers were on their own effective August 31, 2008.

Fortunately for the Arizona retail branches they will all be moving to PrimeLending effective today. Aimee is moving over with the rest of the loan officers from the Mesa, AZ branch (and all other AZ branches). As for me, Aimee and I decided that I would not be moving over with her, and she would run the business on her own. So, Friday was officially my last day in the mortgage industry. I will continue full time with AIR Marketing as the Director of Interactive Marketing, assisting companies understand and integrate social technologies into their overall marketing strategies.

I will continue to follow the mortgage industry and blog about my opinions and thoughts for what its worth. I may even re-brand this blog to reflect the free agent nature of the content, but that is up in the air at the moment. Nonetheless, it will be a personal journal of sorts and will be written more so from the customers perspective than a lender. I plan on staying on top of major lending practices and developments in the industry, so my regular readers should not see a noticeable difference in the quality of the content on this blog.

Over time, I do not anticipate updating this blog as often. That doesn’t mean I will not be blogging at all. In fact I will be active on the web as the Social Media Wiz and will be a contributor on the AIR Marketing company blog. Be sure to subscribe to both of these two blogs to stay updated and informed on social technologies and its impact on business - large or small.

In the mean time, feel free to contact Aimee Ghimire at Prime Lending for all your home financing and mortgage needs. She’s the best loan originator in the world and will take very good care of you! Her mortgage website will remain as AimeeLoans.Com.