Tuesday, July 08, 2008

To My Valued Business Partners: I am Ready to Serve You!

As you may have heard, Indymac Bank has decided to stop most of its lending operations and has exited the retail lending business in order to preserve its capital position. Further details on this can be found in a letter to shareholders, found on www.theimbreport.com , Indymac Bank’s corporate blog.

I wanted to reassure you that I can and will continue to meet the real estate financing needs of your customers without interruption. I am in the process of joining Prospect Mortgage Company, and all loans which do not have closing documents out to be signed are currently being routed, with the customer's permission, through this new company.

The Executive Leadership of our Retail Lending Group has determined that Prospect Mortgage has the best platform for our Sales team. Prospect's commitment to excellence in mortgage banking makes us confident that we will continue to thrive and grow. We are very excited to be joining them, and we're eager for more business!


Loans in process which are approved will close without interruption
New loans can be originated, locked, approved and funded without interruption
Current loans will continue to be processed without interruption
I value our business together and look forward to continuing to support you and your customers with the same professional, friendly service. Please contact me for more information.

Always On Your Team,
Jeffrey Stanton
Your Trusted Advisor For Life


No comments:

Legal Stuff

CNE is a registered tradmark of Negotiation Expertise,LLC
JeffreysJournal.com. Your Professional Development and the information contained in/om http://www.jeffreysjournal.com/ , www,YourprofessionalDevelopment.com is the sole property of Jeffrey Stanton. the information contained is opinion only and should not me taken as legal or profesional advice. This website may not be duplicated whole or in part with out written permission.
This Site is not affilated with any othe web site and my contain links to outside web sites and is not responsible for other web sites content.

Certain statements contained on this blog may be deemed to be forward-looking statements within the meaning of the federal securities laws. The words “anticipate,” “believe,” “estimate,” “expect,” “project,” “plan,” “forecast,” “intend,” “goal,” “target,” and similar expressions identify forward-looking statements that are inherently subject to risks and uncertainties, many of which cannot be predicted or quantified. Actual results and the timing of certain events could differ materially from those projected in or contemplated by the forward-looking statements due to a number of factors, including, the effect of economic and market conditions including industry volumes and margins; the level and volatility of interst rates; the Company’s hedging strategies, hedge effectiveness and asset and liability management; the accuracy of subjective estimates used in determining the fair value of financial assets ; the credit risks with respect to our loans and other financial assets; the actions undertaken by both current and potential new competitors; the availability of funds from lenders and from loan sales and securitizations to fund mortgage loan originations and portfolio investmetns; the execution of growth plans and ability to gain market share in a significant market transition; the impact of disruptions triggered by natural disasters; the impact of current, pending or future legislation, regulations or litigation. The statements here are not offeres to extend credit as defined by Regulation Z. Rates, Programs, & Availability of Credit is subject to change

Jeffrey S Stanton
DRE ID # 01865119