Atlanta-based AmeriSave Mortgage Corp. exited the wholesale channel this week, a decision that comes after the mortgage lender has imposed rounds of layoffs across the company, according to former employees and business partners. 

HousingWire sent multiple requests to the company’s leadership for comments, but they did not respond.

This week, brokers received a message stating that AmeriSave Wholesale Mortgage Solutions (AWMS), the company’s wholesale channel, is closing doors immediately but will honor the existing pipeline. Later, the company posted a message on its website. 

AmeriSave will not register new loans starting on Sept. 1. All loans in the pipeline must be locked by Sept. details ⇒

BusinessMediaguide.Com portal received this content from this noted web source: HousingWire.Com