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atlburning
Dyn-o-mite!


Joined: 06 Aug 2007
Posts: 303
Location: Atlanta

Mortgage Lion to exit Wholesale
PostPosted: Fri Nov 07, 2008 3:16 pm Reply with quoteBack to top

To: All Approved Brokers
Date: Friday, November 7, 2008
From: Mortgage Lion, Inc.




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Our industry is currently facing unprecedented obstacles. In light of current economic conditions and in accordance with the goals of our parent company, Mortgage Lion is exiting the wholesale lending business, effective immediately.



We understand that this decision may affect your business, and want to make this transition as easy for you as possible. We will have minimal staff as of today, but they will continue to work tirelessly and professionally to assist you in closing out your locked and approved pipeline with us.



Important guidelines regarding your pipeline:

New file submissions will only be accepted for loans with a current rate lock.
Rate locks for all loans currently approved by underwriting will be accepted through Friday, November 7th at 5pm EST.
The last day to fund all transactions will be 12/1/08.


We sincerely appreciate your business, support and trust over the past 23 years, and wish you the best in your future endeavors.

Sincerely,
Mortgage Lion, Inc.
A Subsidiary of CapitalSouth Bank





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You are receiving this email because you are an approved customer of Mortgage Lion, Inc. We are an Equal Housing Lender.

Our mailing address is:

Mortgage Lion, Inc.
327 S. Main Street
Fitzgerald, GA 31750

Our telephone:
(229) 423-7000
Add us to your address book

Copyright (C) 2008 Mortgage Lion, Inc. All rights reserved.

_________________
Failure is only a new opportunity to succeed.
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Robin
Sentinel


Joined: 30 Aug 2007
Posts: 3416
Location: Loveland, OH

Re: Mortgage Lion to exit Wholesale
PostPosted: Fri Nov 07, 2008 6:28 pm Reply with quoteBack to top

We have them listed now @ #301: http://ml-implode.com/imploded.....11-07.html
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