Mortgage Lender Closing Offices
Mortgage lender Accredited Home Lenders Holding Co. announced it is not taking any new real estate loans and it is closing “substantially all” of its 60 lending offices and five support locations by early September.
Accredited has retail mortgage branch offices in Sacramento, Roseville and Folsom, and it has a centralized retail office in Sacramento.
The mortgage company said five of its ten wholesale divisions will be closed by September 5. There will also be staff reductions at the remaining five mortage offices. The wholesale mortgage work force will be cut by 490 positions, leaving only 340 employees.