First California Mortgage Company Begins Lending in New Mexico and Names Steve Mancilla to Run Its Albuquerque Office

Petaluma, CA, June 25, 2010 --(PR.com)-- First California Mortgage Company (First Cal), which had expanded into eight states in just over a year, recently added New Mexico as the ninth, continuing with its strategy to extend market coverage in the West.

Christopher K Hart, President and Vice Chairman of First Cal, explained that gaining a thorough understanding of the New Mexico market was requisite to opening a retail lending office there. He said the company had done its homework and was ready to apply its lending philosophies in the state.

"We focus on loan quality and transparency in our lending practices," said Hart,"and we deliver these benefits to consumers in all markets." He said that First Cal brings an additional mortgage choice to New Mexico "and that is important."

Steve Mancilla, one of just five certified Mortgage Planners in the state, has been named to manage the company's new Albuquerque office.

“We are fortunate to have Steve open the New Mexico market for us," said Dan Rawitch, Retail Production Manager for First Cal. "Steve is a respected member of the mortgage community here and is an expert in VA and FHA loans. His professionalism and need to put the customer first set him apart from most other Loan Officers."

Mancilla, who has worked in mortgage finance for more than 10 years, brings local expertise to First Cal's lending operation.

“I was drawn to the extreme level of professionalism from top to bottom in the First Cal organization," Mancilla said, "as well as the dedication of the management team to making First Cal the ‘pinnacle’ of the industry.”

Hart praised Mancella as "a qualified individual with the right ethics to introduce First Cal’s value proposition to the New Mexico marketplace.”

About First Cal:
Throughout its nearly 30-year history, First Cal and its affiliates have funded more than $200 billion in residential loans across the U.S. Today, First Cal is an approved FNMA Seller/Servicer, an approved HomePath® Lender, and is licensed to lend in nine states: including Arizona, California, Colorado, Hawaii, Idaho, Nevada, New Mexico, Oregon and Washington.

First Cal specializes in high quality, fully documented conforming, jumbo, FHA and VA loans. It is a Fannie Mae direct lender, a HUD Non-Supervised Title II Full Eagle Lender and an approved national correspondent for most of the largest U.S. banks. The company maintains its headquarters in Petaluma, Calif. and is privately owned. You can find it online at www.firstcal.net.

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