Acoustic Home Loans: Latest Job Openings, Reviews and Ratings & Profile wise Salary Distribution

Acoustic Home Loans Careers & Info

Acoustic Home Loans Overview

Acoustic Homes Loans LLC was a non-comforming mortgage broker based in Orange, California. An affiliate of Metrocities Mortgages, Acoustic specialized in writing high-risk and subprime mortgages during the housing boom that swept California and the nation during the first decade of this century. The company first opened it's doors in 2002 and closed upon filing for bankruptcy in April 2006.

Created to service prospective home buyers who did not meet the standards for traditional mortgages, Acoustic grew to become one of the largest subprime lenders in the nation, closing over $3 billion in loans. It's clientele were people with less-than-perfect credit or other nonconforming financial situations. They particularly focused on borrowers with income that was difficult to document and first time homebuyers.

Acoustic thrived, as did many subprime lenders, by packaging these risky mortgages and selling them to investors, building the capital needed to continue operating. However, in 2006, when banks began to force lenders to buy back some of their riskiest investment, Acoustic found itself undercapitalized and no longer able to meet it's financial obligations. A bankruptcy petition was filed in April 2006, and in November 2006, the state of California revoked Acoustic's license to write mortgages.

Acoustic Home Loans Job Information

As the company ceased all operations in 2006, there is no employment information for Acoustic Home Loans.

What jobs pay the most at Acoustic Home Loans?

Chief Appraiser is the highest paying job at Acoustic Home Loans at $123,000 annually.