January 10, 2012.

 

To Our Valued Customers,

 

As previously and publicly announced, MetLife has been in the process of marketing for sale its forward mortgage origination business, which includes our Institutional Lending Group. Regrettably, we have been unsuccessful in completing an acceptable transaction. Therefore, we have made the decision to wind-down all MetLife Home Loans’ (MLHL) forward origination business, including the Institutional Lending Group (ILG).

 

This decision does not come as an easy one; we understand the potential impact it has on our customers. However, it is our desire to do all that is reasonably necessary to mitigate the impacts to you, our valued customers. We will continue to honor all of our loan commitments and will maintain the necessary staff in place to ensure each of your loan transactions closes (subject to the loans meeting all investor and MLHL guidelines). Our sales and support teams will work with each of you to ensure this transition is as transparent to your customers and referral partners as possible.

 

In return, we ask that you keep your commitment by delivering your locked pipeline in accordance with our agreements. Please click the link below to view a bulletin that outlines the details of this transition and a reminder of delivery policies. If you have any questions on these polices, you may reach out to your Account Executive directly, or any member of our leadership team.

 

January 10, 2012 - Transition Bulletin.

 

We thank each of you for your support and loyalty over the past few years. Your support has been the key component of our success. We wish you the best in your future endeavors.

 

Rick Skogg

Executive Director

Institutional Lending Group