The industry may be in turmoil, but don't confuse that with death throes. While more than 100 lenders have exited the business since the first of the year, others are growing. We've been hearing stories from around the industry. Some are attempts to displace rumors, which we have learned can be very destructive. Others seem genuine.
One sign that a company may actually be doing well is its willingness to add staff. That's what David Sadek, CEO of Teaneck, NJ-based First Financial Equities is trying to do. He tells me he's having a hard time finding accounting professionals who have experience with AMB, the accounting software from Advantage Systems, Irvine, Calif.
Those with verifiable experience with Accounting for Mortgage Bankers software should contact the company.