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Mortgage Brokers Alert: Aegis Wholesale Corporation
 
On August 14, 2007, the New Jersey Department of Banking and Insurance issued legal documents ordering Aegis Wholesale Corporation to stop doing business in the state and took the initial step toward revoking the company's mortgage lender license.

On August 6, 2007, Aegis Mortgage Corporation, the parent company and funding source for Aegis Whosesale Corporation, announced it was unable to fund home loans in its pipeline. All brokers should have been instructed to immediately seek alternative funding sources with which to close any loans previously placed at
Aegis.

Aegis is actively pursuing alternative financial contacts for brokers to place their loans. The New Jersey Department of Banking and Insurance is working with industry leaders to facilitate other potential funding sources.

For questions regarding Aegis Wholesale Corporation, contact
Pam Whitford, VP/Director of Compliance, 713-458-6658; or Mike Balog, EVP & General Counsel, 713-458-6650.

Contact Aegis

Pam Whitford, VP/Director of Compliance
Pam.whitford@aegismtg.com
713-458-6658

Mike Balog, EVP & General Counsel
Mike.balog@aegismtg.com
713-458-6650

 
Contact NJDOBI

If you experience problems closing a loan for Aegis Wholesale Corp., call:

609-292-7272

More Information
This web page will be updated as new information becomes available - please check back frequently.

 
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New Jersey Department of Banking and Insurance