Edgewater Lending Group - Wholesale
Edgewater Lending Group of Clackamas, Oregon today announced the closure of their Wholesale Lending Dept. This does not affect their 2 Retail Loan Centers. The layoff involves 8 to 10 people with some joining the Retail side
From Edgewater Wholesale web site:
Edgewater was funding about 10-million per month in a slowing market, funding mostly 'A' and 'Alt A' paper.
In a final email out to Brokers for this announcement, one AE added at the bottom of their letter, "Anyone that needs a drink, please call."
Comments: Be the first to add a comment
Note: Comments may take a few minutes to show up on this page. If you go to the forum thread, however, you can see them immediately.
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.