The World Through My Eyes

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I was RIGHT! Quick Loan Funding Ceases ENTIRE Operation

Posted by mikenopolis on August 16, 2007

Well, my prediction from a few days ago was correct. Everyone at the company was told to leave work early yesterday and to come in at 11:00am for a company wide meeting. We were told that the company will cease operations effective immediately and that we are to fill out exit reviews and pick up our last paychecks.

I was asked to stay with them along with a few others as contracted worked to clear everything out. My part was the transfer and service release all loans that were with our sub-servicers (Option One, Ocwen & Countrywide) to the investor/servicers as soon as RESPA allows. This will be about 1.5 to 2 months of work….

I knew this day would come a while ago, I’ve just been in denial….at least I didn’t go to the other mortgage companies that were trying to recruit me because of the good job I was doing at Quick Loan Funding. Those companies closed down months before.

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