This being an election year I felt it necessary to provide the following official post In an effort to provide equal time and equal exposure to all.
On February 21st, 2008 I was more than a little puzzled when I received an email from IndyMac Bank stating in very stern words that it would in now way accept anything with Financial Title connected to it. Nothing!
On February 28th, 2008 at precisely 4:59 PM Pacific Time IndyMac sends this baby out:
Restriction Lifted on Financial Title Company
Dear Valued Customer:
Please be advised that Financial Title Company has been re-activated as an approved
IndyMac closing agent/title company.
Our previous communication on February 20, 2008 stated that IndyMac was no longer accepting Financial Title as a closing agent/title company for loans submitted on or after
March 1, 2008. This restriction is now lifted.
We apologize for any inconvenience this may have caused.
So when the first email went out I sent a memo informing all my Agents that if they had a deal with their favorite Escrow Officer, they better make sure that deal isn’t being funded by IndyMac.
Today I’m supposed to send them an email stating that
IndyMac has uhhhh…
They’ve changed their ummmm….
Well you see it’s like this….
Oh hell…
* Mindy P was lightening quick. Her email reached me at 5:19
Wonder if the same efficiencies are being experienced in loss mitigation? Sheila Bair is watching!