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We've calculated that the average salary at Accredited Home Lenders is $60K based on 783 user-submitted salaries A total of 94 Accredited Home Lenders employees gave Accredited Home Lenders an average happiness rating of 4.2 out of 5.0.

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BlissScore 4.2
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Accredited Home Lenders Careers & Info

Former CEO: Jeffrey N. Walton

Status: Chapter 11 Bankruptcy – 5/1/09

Accredited Home Lenders was a financial lending and mortgage service based in San Diego, California. Accredited Home Lenders, founded in 1990, filed for reorganization under Chapter 11 bankruptcy on May 1, 2009. The voluntary petition was approved as Chapter 11 liquidation on May 24, 2011. The company appears to still be active as it reorganizes. AHL does not have any listed key executives at this time, most likely due to reorganization. Jeffrey N. Walton is the most recent Director and President of Accredited Home Lenders. AHL previously existed as Axiom Financial Services, Home Funds Direct and Msk Financial Services, Inc.

Accredited Home Lenders thrived for many years but has been hit hard by the downturn in the sub-prime mortgage business and the real estate market in general. The company had been considered among the premier mortgage banking institutions in the United States. At its peak, AHL employed more than 4,000 people. The company reported annual loan origination of more than $2 billion until recent economic difficulties. AHL clients have included:

• HSBC
• Citigroup
• Goldman Sachs
• Morgan Stanley Mortgage Capital
• UBS
• SG Mortgage
• Wells Fargo
• Lehman Bros
• Merrill Lynch

Accredited Home Lenders careers include primarily banking and loan positions such as loan specialists and account managers. The company also has an IT segment to maintain computer systems. Working at Accredited Home Lenders has been described as a mostly positive experience based on employee assessments. The AHL culture had allowed individuals to advance with experience. Those in charge of a particular team note being given the chance to shape and grow that team into a productive unit for the company. Typical Accredited Home Lenders benefits include:

• Medical
• Optional dental coverage
• Optional vision coverage
• Optional life insurance
• Short-term and long-term disability
• Retirement account (401K)

Most revenue generated by AHL comes from the origination of sub-prime residential loans. The company previously had a solid reputation during its nearly 20 years of operation prior to filing for Chapter 11 reorganization. According to employee assessments, AHL was a good place to work before reorganization in terms of co-workers, benefits, employee recognition, bonuses and ability to advance. The overall work environment was previously described as supportive, cooperative and friendly. Comments since the reorganization efforts have noted problems with management and a lack of substantial business.

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