What ever I have seen and heard about Equifirst Corporation would makes me want to double check and proceed with caution.
A brief background about this company:
Equifirst is in the business of providing wholesale non-conforming loans. Equifirst makes available to its customers mortgage programs for mortgage brokers, mortgage bankers, mortgage lenders, and various mortgage professionals.
History of the company:
Equifirst Corporation was founded in 1990 and is currently headquartered in Charlotte, North Carolina. This company was formerly a subsidiary of Regions Financial Corp.
Here are some of the people at this company:
Robin Allcock, COO
Kimberly Diedrich, Graphic Design Intern
Jonathan McEvoy, SVP-Operations
Kevin DeLory, Sr. Account Executive
Brian Zidar, RSM
Barclays Exits EquiFirst
I scanned the latest few articles available on the internet, and I came to know that PLC Barclays is exiting EquiFirst Residential Mortgage.
Now becuase the economy is so bad and so many people are defaulting on their loans, you can imagine what kind of impact this is going to have on the business of those who provide unsecured loans. You guessed it right, Equifirst has ceased operations.