Insiders told HousingWire's Jacob Gaffney yesterday that AppraiserLoft is closed for good.

The recorded message to a call to AppraiserLoft, the San Diego-based appraisal management company, says the offices are closed in observance of Columbus Day.

But insiders told HousingWire AppraiserLoft is closed for good.

"On Friday employees were notified the company was insolvent," according to a source inside the AMC. "They were told they would be paid later. [CEO] Aman [Makkar] told them at lunch they will get paid next week, and they won't," the source alleged.

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