Assurity Financial Services LLC has identified inaccuracies in a story published by MortgageDaily.com.
Previously, MortgageDaily.com reported about a statement from Assurity Chief Executive Officer Calvin B. Hamler that indicated the Englewood, Colo.-based firm would end operations last week.
In a statement today from an Assurity spokeswoman, the company indicated that it operates in just 25 states. The story mistakenly indicated that it operated in all 50 states.
In addition, while Assurity faced an action by the Washington Department of Financial Institutions over allegedly deceptive ads, MortgageDaily.com incorrectly reported that the Federal Trade Commission had taken similar actions against Assurity.
“Assurity Financial has never been fined by the FTC, nor has it ever been contacted by the FTC on any matter,” Assurity stated.
Assurity also disputed the article’s depiction of it as a net branch.
“Assurity is a retail branch business, with 80 percent of its business being wholesale lending,” the statement said.
