Marlin Mortgage Company - Wholesale
2007-11-15
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"Marlin Mortgage Company, LLC is a wholesale mortgage lender serving the subprime needs of mortgage brokers." according to their web site.
John Duran, one of the owners confirmed today the closure of their Wholesale Lending Division. The closure is effective November 12, 2007 according to one source.
We have confirmed Marlin Mortgage Co. of West Palm Beach, Florida is still open for Retail business.
At peak, production was $40 million per month, but had dwindled to $2-5 million by the end. A dozen AEs are gone, along with most of the inside staff (10 people). Not a huge company, but had significant market share in South FL and Orlando area.
As always, more information is always appreciated. Email here.
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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.