A mortgage banking firm started by three executives who successfully sold a prior home lender has stopped doing new business.

Data from the Nationwide Multi-state Licensing System indicate that Irvine, California-based First Direct Lending LLC was founded in May 2013.

According to the NMLS data, First Direct is actively authorized to conduct business in 41 states. The limited liability company also operates as Refi.com.

Source: Mortgage Daily