Assurity Financial Services, LLC - Retail, Wholesale - Agency, FHA/VA
Hamler also provided us with a copy of a second, separate memo addressed to employees:
"The majority of you will be let go at the close of business on Friday, February 26th, with a small crew remaining behind to assist in an orderly wind down of the company to satisfy the obligations to its various stakeholders. Final paychecks for terminated employees will be issued on Friday, February 26th, 2010. We will make an exception to our long standing policy of paying commissions to our sales employees when loans are purchased off our warehouse line and will pay commissions on all loans that are funded thru Friday, February 26th, 2010. This way, everyone can have all of their money up front and no one will be waiting around for lingering commission checks as we clear off our warehouse line."
Based in Englewood, CO, Assurity Financial Services was licensed in 25 states and originated over $52 million per month on average during 2008. According to the web site, Assurity Financial had around 300 employees. Hamler wasn't immediately available for comment.
mickblanco at 20:56 2010-02-22 said:closed a loan with them in august. brought in great borrowers on a purchase. assurity was a complete nightmare. not even close to being on the ball. Permalink
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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.