ResMAE posted a notice on its web site home page that it was no longer accepting new loan files; but would continue to honor those currently in the pipeline. It says that the suspension is temporary but the notice gives no indication of future plans for the company. (h/t Bill)

From the web site:

Effective November 6, 2007
ResMAE Will Temporarily Suspend
New Loan Originations

As of November 6, 2007, ResMAE Mortgage Corporation temporarily ceased all new loan origination activity. ResMAE is no longer accepting new mortgage loan applications, but will continue to honor commitments placed with ResMAE before November 6th as required by ResMAE policy and state requirements.

If you have a question regarding a loan in the existing ResMAE pipeline, please contact 877-473-7623. Operations representatives will be available to handle questions on your pending submission.

ResMAE will continue to service its existing portfolio of loans and provide the same high quality customer service that ResMAE customers have come to expect from its Brea, California headquarters.

If you have any questions regarding your existing ResMAE mortgage loan, a customer service representative from our loan servicing group will be happy to assist you at 866-804-5604 or by email at loanservicing@resmae.com

Should you have any further questions or require further assistance, please contact us at officeofceo@resmae.com and a ResMAE representative will provide a timely response to your inquiry.

Thank you and best regards,

The ResMAE Management Team

Share This

Share This

This entry was posted on Wednesday, November 7th, 2007 at 3:43 am and is filed under mortgage industry. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.