Precision Financial, Syosset, N.Y., a mortgage banking/brokerage firm, has reportedly closed its doors, according to industry officials. It had annual originations of about $600 million. Over the past week the telephones were not being picked up at the company and e-mails were not returned. One of the company's top executives, Ira Zimmerman, did not return a telephone call about the matter. According to its website, the company has licenses to lend in several states including California, New York, New Jersey, and Pennsylvania, among others.
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