According to mortgage consultant Joe Garrett, some former top dogs at Option One Mortgage Corp. are forming a new company. Garrett, in his blog, writes that he saw an email solicitation. “They're looking for new brokers, and get this, they specifically advertise that there are '…no credit checks (on the mortgage broker) and no references needed.'" Option One was once the property of the publicly traded H&R Block which closed the company down and sold off what it could to others. During its glory days OOMC was a top ranked subprime and alt-A lender/servicer. WL Ross & Co. wound up with some of its servicing rights…
Processing Content
