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!

IMPORTANT INFORMATION YOU NEED TO KNOW:

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
347-466-3047

Posted by Jeffrey S. Stanton, ITI, CLC, CRLS, CHCLS, WOW at 12:02 PM

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