Articles & News About Mortgage Loans

First California Mortgage Company Hires Michael Lamka, Expands to Southerm California

Petaluma, Calif (PRWEB) March 27, 2008 -- First California Mortgage Company (First Cal), a full-service wholesale and retail mortgage banking company specializing in prime, Jumbo and FHA loans, announces that Michael Lamka, formerly an executive with Countrywide Financial, has been appointed to the position of Chief Production Officer with responsibility for wholesale loan origination and operations. The company recently expanded its wholesale loan origination activity to Southern California under the direction of Karl Wood, Regional Manager.

"We welcome Mike to our team and expect that his leadership will significantly contribute to our efforts to position First Cal as a leader in California," says Spencer Carlsen, president of First Cal. "As we continue to expand our operations and our broker network, we are confident that Mike's extensive experience in sales and operations will serve our partners well."

Lamka's career in the mortgage industry spans 25 years and includes 10 years with Mortgage Service America, formerly First California Mortgage Company's national wholesale lending operation, which was sold to a Fortune 100 company in 1995. Most recently, Lamka served in an executive capacity for Countrywide's Wholesale Lending Division which spans the U.S.

"It's great to be back with the First Cal team with its focus on California brokers. I particularly enjoy having responsibility for loan production, which is what I did the first time I had the privilege of working for First Cal," said Lamka. "This is a closely-knit company with great ideas and a sound business plan driven by the partnerships with its brokers."

First Cal offers hundreds of loans programs financed by more than two dozen investor relationships through DealWorks, its proprietary Web application. Using DealWorks, First Cal's business partners can instantly price hundreds of loan programs, match loans to borrowers using pricing, credit and property details, lock loan rates, electronically upload loan files for immediate processing and check the status of any loan.

Now entering its 28th year of operation, First Cal has funded more than $450 billion in residential loans in California as First California Mortgage Company and nationally as Mortgage Service America. Originally founded in 1977, the two companies grew to employ 2,800 people in 108 offices in 42 states.

In 1986 the firm expanded its operations, opening a wholesale division called Headlands Mortgage. First California Mortgage Company sold its loan and servicing operations to GMAC (currently Homecomings Financial) in 1995. Three years later, Headlands was taken public (NASDAQ: HDLD) prior to being sold to GreenPoint Mortgage in 1999.

First Cal resumed mortgage lending operations in 2003 to serve the needs of mortgage brokers and retail borrowers in the San Francisco Bay Area. Its wholesale operations now extend to Northern and Southern California, managed from its headquarters in Petaluma. The company remains privately owned.

###

Other Article Sites

findabook.com moneycd.info a-mortgage.info about-lemon-laws.info aboutstudentloans.info
all-about-publishing.info auctions-articles.info bestcollege-university.com bestispconnection.com
biblefolder.com blogger-website.com books-used.info brokers-guide.info buywindows.info cable-dsl.info
career-miner.com carpel-tunnel.info cashinaflash.info cashloanreviews.info casinobell.com chat-house.info
clearmycredit.info collegeloantips.info crones.info depression-articles.info dirnic.net dishguides.info
divers-below.com expodog.info financewizz.com fire-insurance.info getgood.info handleit.net it-idea.info
health-supplies.info hosting-right.com insidealert.com insurance-facts.info jobs-employment.info
justgood.info lookgold.net lowcost-travel.info money-source.info myhostzone.info numisblog.com
peoplesearchfinder.info pr-articles.info realeas.com refinancing-guides.info spyware-remove.info
telelot.info the-law.info toppaid.info travel-deals.info travelcorrect.com wedding-guide-site.com
your-blog.info your-credit.info

MORE ARTICLES:

All-America Financial, Inc. Launches ABCReverseMortgage.org, a New Reverse Mortgage Consumer Site
All-America Financial, Inc, a mortgage broker in California has launched a new consumer site called ABCReverseMortgage.org to help provide seniors with assistance when obtaining reverse mortgages. This new site aims to help senior citizens remain financially independent during their retirement.

What Do Interest Rate Hikes Mean For Your Mortgage?
If you've picked up a newspaper or caught the news recently, you've probably encountered a story about mortgage rates and the Federal Reserve banking system. Like many borrowers, you might wonder how the Fed determines interest rates and how - in the event of a rate hike - your personal finances could be affected. Here's a quick overview:

Should You Refinance Mortgage?
Mortgage loans are a big problem right now in the US

When Would A Balloon Mortgage Work Best For You?
Mortgages come in many different types and, for this reason - not every mortgage is designed to be able to meet everyone's needs. Balloon mortgages are certainly one of these that may not fit most people's needs, but have a great use for loans needed for just a short term. Several loan types are basically temporary loans but require a balloon payment at a specified time. Here are some situations where a balloon mortgage may be the ideal one for you.

Home Mortgage Rates Explained
The economy needs a bit of stimulation and the feds are lowering down home mortgage rates to get it up and running again. Borrowing money with lowered home mortgage rates has never been this easy or this cheap. So, why not take advantage of this lowered home mortgage rate and get a chance to refinance your home and still save some?

Shop Around For Mortgage Payment Protection Cover
Mortgage payment protection cover can be a valuable product to have in your corner if you should find yourself incapable of working. Losing your income through accident, illness or unemployment could leave you struggling when it comes to the financial commitments of your mortgage. However, if you would be eligible to claim against a protection policy then payment protection for your mortgage could provide you with a tax-free income.

The Chickens Come Home To Roost & When The Dust Settles-Lender Discovers Mortgage Fraud
Things were going great. Work was great. The economy was smoking and people reportedly making a killing in real estate. ?Flipping? this property, buying this one, selling that one and just living the ?American Dream? to the fullest. It was the best of times.

How Online site can help you to increase your Mortgage or Real Estate business.
Making business in the internet is a bit more difficult than in a real life. Internet business uses even more tools and marketing laws then offline does now. The last few years making a Mortgage Business online has become very popular. Many brokers found it more useful and much better because it gives more opportunities to both the sides. So why should you loose this great opportunity? According to The National Association of Realtors research, in 2005 15% of brokers found their Loan Officer in the Internet. Guess how many friends they tell about the web site and how many new customers that lucky offices got? Now you see, having a professional ? done web Mortgage Web Site is a very good and profitable idea. Let us help you to make the idea ...

A Unique And Profitable Alternative To The Melting Mortgage Industry
A massive shift is currently underway in the mortgage industry that is quickly gaining national attention among top financial professionals.

1st Nations Mexico and 1st Nations Mortgage of Mexico Announce New Financing Guidelines
1st Nations Mexico and 1st Nations Mortgage of Mexico announces new guidelines for US and Canadian residents looking to develop, buy, or refinance property in Mexico. 1st Nations Mortgage of Mexico leverages unique relationships with banking and lending entities in the US and Mexico to provide industry leading loans to consumers and developers.

New Buyers Bonus Mortgage Program Allows Home Buyers to Skip Their First 6 Mortgage Payments
Katz Mortgage Team, www.katzmortgageteam.com/about.html, of Amtrust Mortgage Corporation, is pleased to offer a revolutionary new loan program called "Buyers Bonus" Mortgage Program, allowing new homebuyers to delay making their mortgage payments for up to 6 months. This loan can be used to purchase new construction or previously occupied houses and can be combined with 100% financing on fixed or adjustable rate mortgages (ARMs).

New Home Mortgage : How Your Credit Score Affects Your Loan
A credit score is a representative number calculated by each of the credit bureaus, including the three major bureaus that purport to show potential lenders how good or poor a risk you are When you apply for a new home mortgage, the credit score will affect your ability to obtain a loan

Where Should You Look For Better New Home Mortgage Rates?
If you like to minimize your repayments for your new home mortgage, then you need to ensure that your interest rate is also low. Know where you can find the best deals when it comes to interest rates for your new mortgage.

First IRA Mortgage, Inc. to Host Town Hall Meeting in Park City, Utah
Financial Professionals invited to discuss financing real estate in retirement plans. First IRA Mortgage, Inc., a specialty, wholesale mortgage lender, will teach financial industry professionals how to finance real estate in both Roth and traditional IRAs and individual 401ks at a free Town Hall Meeting on Thursday, December 14th at the Prospector Square Lodge and Conference Center.

Subprime Mortgage Lending - Regulators Tighten Rules
The most recent regulatory report on subprime lending is the Statement on Subprime Mortgage Lending (June 2007) This 31-page document was released by the Federal Reserve and other federal financial regulatory agencies in response to the current out-of-control subprime lending market