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The Lending Connection - Retail Lending (diversified)
2007-10-12
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We've been hearing a little bit about this company for a few months now. As one of our readers pointed out, the company's own web site discloses that they are no long accepting applications.
Some information on the company from an Oct. 3 tip:
The Lending Connection in Costa Mesa CA has ceased to accept new applications and all staff have been let go. The phones are answered by automated system and all extensions return to main menu.
170 employees at peak 300 loans per month. Direct lender all subprime and FHA with Countrywide being the largest buyer of loans as Lending Connection did not service loans.
Other than the web site, this information is unconfirmed, so let us know if you have corrections or something to add.
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Important: This company is on our list of lending operations that have "imploded". However, please note that "imploded" is a somewhat subjective and does not necessarily mean operations are ceased permanently: it can mean bankruptcy filing, temporary but open-ended halting of major operations, or "firesale" acquisition. All information here is provisional, and may contain inaccuracies (especially newer information). If you are planning on doing business with this company or any other one listed on this site, you should inquire with them directly on whether they can still meet your needs. Many are still operating in some capacity.
