Brea, California-based ResMAE Mortgage Corp. said Friday that it’s emerging from Chapter 11 bankruptcy status with “renewed strength and a commitment to delivering best in class products and services in the non-conforming mortgage marketplace.”
ResMAE—now a wholly-owned entity of Citadel Investment Group’s RMC Mortgage Holdings affiliate—also said changes to its organizational structure are preparing the company for the future.

“Today’s announcement is a testament to the commitment and dedication of our team,” said Jack Mayesh, chairman of ResMAE. “We have continued to operate throughout the reorganization process and emerge as an organization stronger and better positioned to meet the challenges in the marketplace.”
Some of the company’s organizational changes include the refocusing of sales efforts to create stronger broker relationships and more productivity, the enhancement of the origination process to provide for greater efficiency and quality service, and a strengthening of the credit review process to increase overall loan quality.
The company’s newly appointed President Rick Skogg also expressed his optimism in a prepared statement released to the press.
“ResMAE has demonstrated an unwavering commitment to providing excellent customer service to its clients throughout its history, including the challenging period over the past several months. We stand ready to continue to deliver on that commitment and are on course to become an industry leader,” Skogg said.