America One Finance - Retail, Net Branch
"As you know America One Finance is leaving the industry. On September 1 we will no longer operate in your state. We appreciate your hard work and loyalty to our company over the years and we wish you all the best in your future endeavors."
That first sentence implied it wasn't just one state though. And CEO Matt Simmons confirmed it when we inquired about the scope of the shutdown. "We are actually winding all states down," he replied.
Based in Bellevue, WA America One Finance has over 75 offices nationwide -- about a third of them are listed on CityTownInfo. The company employed "well over 2000 loan professionals" per the web site.
Volume info wasn't available at the time of this posting. If you can provide additional details, email our tipline. You can also register and post your comments below.
staypositiveandfocus at 13:22 2009-08-12 said:It is always interesting the spin a company puts on its closing. The reality: close the shop, cut a deal with another company, and take your best loan officers with you. The broker business is not dead it is upgrading. We will see the professionalism return to our industry. Like financial planners, etc who need to be licensed, we will become the same. Mortgage brokers offer consumers the best rates, programs and options in the industry. We just need to do a better job spreading the word. Make it a great day. Permalink
Seattle Junk at 03:45 2009-08-13 said:I have worked for America One Finance for close to 5 years. I was a branch manager and now I am just a LO again. Matt Simmoms was a excellent CEO and great business partner at AOF. Basically what is happening here is that the producing branches and LOs are given the privilege to partner up with Loan Network. Scott Fletcher (CEO of Loan Network) is also a great business man as well. I have worked with both of these gentlemen when I was an Account Executive with a major wholesale lender 5-6 years ago. These guys are the 2 most successful local broker owners in the Northwest, Seattle area. I would follow both of these guys off a cliff because I know there would be a soft landing below. You can't go wrong when 2 knowledgeable people with this kind of experience in the mortgage industry get together. AOF has evolved while flushing out the non producers in this "spiritual cleansing" if you will. - Todd Permalink
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Important: This company is on our list of lending operations that have "imploded". However, please note that "imploded" is a somewhat subjective and does not necessarily mean operations are ceased permanently: it can mean bankruptcy filing, temporary but open-ended halting of major operations, or "firesale" acquisition. All information here is provisional, and may contain inaccuracies (especially newer information). If you are planning on doing business with this company or any other one listed on this site, you should inquire with them directly on whether they can still meet your needs. Many are still operating in some capacity.