The IndyMac collapse making national headlines is a bit surreal for the team at Golden State Communication because IndyMac was one of our largest customers about 3 years ago.
I can remember several times heading up to Pasadena to meet with department heads (marketing folks, IT folks) to further enhance our on-line 1003 wizard (a loan application) and backend integration to their LOS (loan origination system). Boy, have times changed.
We hope the best for the employees let go this week, as well for those left to try to rebound. I understand the FEDs will be in Monday… it will be interesting to see exactly how this plays out.
As for the GSC front, thank goodness for diversification