Imploded: Envision Lending Group, Inc.

A major geographic contraction and hundreds of layoffs first brought our attention to Envision Lending Group at the end of 2008. That was preceded by the involuntary revocation of their licensing in Illinois which, although appealed and eventually reinstated, was ultimately allowed to lapse and became inactive on 2009-08-10. It seems now that the company, which still reports nine offices and over 1,100 loan officers on its web site (view snapshot), is folding the rest of its operations.