Petaluma, CA, October 22, 2011 --(PR.com
)-- First California Mortgage Company (First Cal) is pleased to announce L. Andrew Pollock has joined the firm as President and Chief Administrative Officer.
Previously, Andrew was a Managing Partner of Global Logic Advisors, LLC. Before that, Andrew was President and CEO of First Franklin (a Merrill Lynch Company), where he was responsible for providing the day-to-day leadership, operational management and execution on the strategic direction of the Company. Under his leadership, First Franklin grew originations to $3 Billion per month, expanded the wholesale and retail originations channels and Andrew orchestrated the sale of First Franklin from National City to Merrill Lynch for $1.3 Billion in December, 2006.
Andy has been member of First Cal’s Board, as an Independent Director for the past 3 years.
Mr. Pollock will report directly to Christopher K. Hart.
“We are very excited about bringing Andy into the fold on a day-to-day basis. With this addition, the management team at First Cal is the most impressive group of tenured individual’s I have ever had the privilege of working with in any operating company, with Kevin Hughes (EVP Capital Markets, formerly with Greenpoint Mtg, & Downey Savings), Aurea Lucas (EVP COO, formerly with Homecomings Financial), Steve Majerus (Director of National Retail Production, formerly with CMG & E-Loan), Mike McIlrath (Director of National Wholesale Production, formerly with Greenpoint Mtg) and Ralph Hints (EVP CFO). First Cal has the necessary leadership to be a significant player in the next cycle of the U.S. housing market and with today’s announcement of Andy Pollock, we are sending a clear and direct message of our intentions going forward. First Cal will continue to advance our agenda of Redefining the Mortgage Industry, in both the Retail & Wholesale origination channels.” – Christopher K. Hart
"There is more than enough opportunity on the horizon for First Cal. We will capitalize on the improving lending environment to expand profitable market share and increase the origination of investment quality mortgages. First Cal has successfully navigated through some of the most challenging times facing the mortgage banking industry, and will continue to make the right decisions, at the right times to ensure continued success. I am thrilled to become a part of the world class organization at First Cal. I have complete confidence in the entire First Cal team to carry its successful legacy into the future." - Andrew Pollock
About First Cal
Throughout its 34-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/& FHLMC Seller/Servicer, an approved FNMA HomePath® Lender, and is licensed to lend in 10 states: including Arizona, California, Colorado, Hawaii, Idaho, Nevada, New Mexico, Oregon, Utah and Washington.
First Cal specializes in high quality, fully documented conforming, jumbo, FHA and VA loans as well as multi family. 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.