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BOA Hawaii Shuts Down
Word on the “street” is that BOA Hawaii retail is or has shut down. Rumors are flying high that maui and big island branch offices can’t get in contact with Shawn to confirm. Some LOs have already switched to new companies. Can anyone confirm?
“Protect The Field”
Aloha,
On Aug. 19th, I send the below email to HAMB & MBA of Hawaii.
Aloha Mark & Cathy,
Just wanted to point out one of my “favorite” companies – Quicken Loans. According to NMLS, Company has 55 licensed MLOs for Hawaii, with a Branch Manager located in Arizona (see attached). I scanned through each licensed MLO and not one is located in Hawaii.
This has been one of my “pet peeves” for years. From my point of view, this is business that “our” (Hawaii) people should be doing. This is loss of income for everyone – from the LO all the way up to the State.
Below are extracts from a couple of reports put out by First American and Title Guaranty. This is business (over $70.0 MM through June 2011) that should be for Hawaii MLOCs / MLOs, not for the “other” guys. And this is just one company, there are a few others but the numbers don’t show up on any reports.
Is either MBA or HAMB aware of this? Does MBA or HAMB have any thoughts on how we can “Protect the field” for our industry here in Hawaii.
Just my thoughts.
Updated: 9/2/11
Aloha All,
This past Wed. TG’s mortgage closing report for July came out. The YTD for Quicken Loans is now 259 units at $83.5MM – ouch. And this is just from TG’s numbers.
This is income that should be in your pocket.
