Challenge Financial Investors Corp / CFIC Home Mortgage

January, 2008 (update):
Information about "Nations Holding", the owner of Challenge Financial Investors Corp. and CFIC Home Mortgage, to the best of our knowledge ; Chris Likens is the President and CEO, from what we've been told:

Nations Holding
5370 West 95th Street
Prairie Village, KS 66207
Local: (913) 383-9248

www.nationsholding.com

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OLD Information (from Sept.-Dec., 2007) is Listed Below:

Nov. 12, 2007: Just found out that if you CALL: 1-877-902-7313 (the former Toll-Free # for Challenge Financial Investors Corp/CFIC), and hit "0"and ask the Operator for Help - that there ARE Employees still working there, that can be of Assistance - esp. if you need a VOE (Verification Of Employment).

This page is dedicated to all those trying figure out "how" to contact or "who" to contact - re:
Challenge Financial Investors Corp. (d/b/a "CFIC Home Mortgage" - a trademarked name),
formerly located at : 360 Central Ave., # 600 - St. Petersburg, FL 33701 :

a. The Text of an email sent to all branches - notifying us of the company closing - on Sept. 10, 2007. Note: Company phone #'s were working at the time of this posting (Sept. 26, 2007): (727) 584-5566; Apparently the Toll-Free # now goes to a "sister" company, Nations' Title: 877-902-7313. More information further down the page, with new address and another phone #.

From: CFIC Help Desk <cfichelpdesk@cfic.com>
Date: Sep 10, 2007 9:30 AM
Subject: Important Announcement: CFIC Ceases Operations
To: CFIC Help Desk <cfichelpdesk@cfic.com>

Announcement:

CFIC has been in business for over ten years. We have seen our business grow to a community of offices and we take great pride in their accomplishments. The market has been through many changes throughout the years we have been in business. Most recently, we have experienced problems with our bonding company that we have not had in the past. Due to tougher underwriting decisions by our bonding provider, we have not been able to work out a new bonding program in the states listed below.

As of the corresponding date next to each state, CFIC Home Mortgage will cease to originate loans and will begin to wind up its business. There is an opportunity for you to transfer your employment with our assistance to Apex Lending, Inc. in Clearwater, Florida, a company we believe holds similar values to that of CFIC. For further details on the transition process, and for answers to any other questions you may have, please contact Apex Lending, Inc in Clearwater, FL. Additionally, some corporate employees most likely will be moving over to Apex Lending, Inc to further assist you in a smooth transition and Apex Lending has made commitments to a no cost and easy transition. Apex Lending can be reached at 877-273-9536 or apexlending.com.

There can be no new originations for states listed after the dates below. Loans currently in your pipeline as CFIC can be closed and payroll will be paid per normal CFIC guidelines. Any reserves you may have will be held by CFIC until a determination can be made concerning trailing liabilities for your branch. All loan files should be shipped to: 360 Central Ave., Suite 600, St. Petersburg, FL 33701.

List of states and corresponding bond expiration date(this part was left off - to save space on this web page):

We sincerely thank you for being a part of our family and wish you all the best in your careers.

Best regards,

Harold Barian
President

CFIC Home Mortgage

b. The Text of an email from CFIC VP, Doug Whitaker - re: change of address (note: he left off the "Suite #" - it is # 400)
On 9/18/07, Doug Whitaker <dwhitaker@cfic.com> wrote:

c. Information about "Nations Holding", the owner of Challenge and CFIC, to the best of our knowledge ; Chris Likens is the President and CEO, from what we've been told:

5370 West 95th Street
Prairie Village, KS 66207
Local: (913) 383-9248

www.nationsholding.com