Valley Vista Mortgage - Wholesale & Retail
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We received the following today directly from Jamie Hughes, President of Valley Vista Mortgage in San Diego, California. The following message is effective today:
Although they closed their Wholesale operation 4 months ago, they continued operating at a Retail level. According to the CFO of the company, all loans in the pipeline have been funded, but "we just could not outrun Retail levels above (wholesale) loan repurchase requirements."
Valley Vista Mortgage says they had a peak of 70 employees, and high volume of $40 million per month.
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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.