2 More National Retail Mortgage Companies Close Doors

Ameritime Mortgage and Residential Loan Centers of America

It appears that Ameritime Mortgage, based in Houston, TX and Residential Loan Centers of America, Des Plaines, IL have ceased lending. Their websites are down.

Ameritime Mortgage funded loans in over 40 states and offered branch opportunities in around 20 states. RLCA operated in 18 states.

Although it appears that the companies shut down for different reasons it still boils down to either their revenue model was flawed or their compliance practices were lacking in the majority of recent closings.

Leave a Reply

 

This blog is kept spam free by WP-SpamFree.