First California Mortgage Company Expands Retail Operations to Oregon

(PRWEB) December 3, 2009 -- First California Mortgage Company (First Cal), a full-service retail and wholesale mortgage banking company, announces that it has expanded its retail lending operation to Oregon.

“We’re excited about introducing our brand of responsive service and commitment to quality to the Northwest,” said Christopher K. Hart, vice chairman and president of First Cal. “As we enter our 30th year of operation supported by many of the same people who helped us achieve success over that period, we remain true to the principle of creating prosperity for consumers, business partners and investors.”

Sanford Trefethen Chosen to Lead in Oregon

A 20-year veteran of the mortgage lending industry, Sanford Trefethen began his career working for First Cal in 1989. He has held positions in Secondary Marketing, Treasury, and Wholesale and Retail lending, and has operated his own mortgage brokerage company.

He rejoins First Cal as Regional Retail Manager, Oregon, leading the company’s expansion from his home city of Eugene.

“We have a tremendous amount of confidence in Sanford’s abilities,” said Mike Lamka, Chief Production Officer for First Cal. “As a long-standing associate of First Cal, he understands how we operate and has embraced our culture of creating shared prosperity with our customers.”

Active in the local community and in his sons’ school, Trefethen holds an undergraduate degree in Accounting from Sonoma State University.

About First Cal

Now entering its 30th year of operation, First Cal has funded nearly $500 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 (formerly 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 consumers and mortgage brokers in the San Francisco Bay Area. Since then, it has obtained licenses to lend in eight states, including Arizona, California, Colorado, Hawaii, Idaho, New Mexico, Oregon and Washington.

First Cal specializes in conforming, jumbo, FHA and VA lending, and is a Fannie Mae direct lender and loan servicer. The company maintains its headquarters in Petaluma, Calif. and remains privately owned.

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