San Jose Mortgage Lender Western Bancorp Expands Wholesale Lending Division

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Name change, additional staff and new loan programs part of expansion

"We are excited to welcome these two talented mortgage pros to our team to expand our ability to serve borrowers throughout the state," said Western Bancorp CEO Rick Soukoulis

As part of the mortgage lender’s statewide expansion, the former WBC Lending is now Western Bancorp. The company recently introduced the name change to avoid confusion and unify its wholesale and retail programs under a single brand identity.

To support production growth, Western Bancorp is adding wholesale lending staff throughout California. The company recently announced the addition of two mortgage industry veterans to facilitate the company’s growth:

Rhett Hubbard joined Western Bancorp to expand Southern California region for wholesale mortgage lending. He brings 35 years of California mortgage and finance experience to the team. Hubbard will focus on building strong relationships and helping originators boost their production and earnings.

Dave Waddell is a 30-year mortgage industry veteran whose background includes loan operations management, underwriting, funding and origination. Waddell’s goal is to establish and expand relationships with Northern California wholesale originators to help them increase production.

“We are excited to welcome these two talented mortgage pros to our team to expand our ability to serve borrowers throughout the state,” said Western Bancorp CEO Rick Soukoulis. “We believe we can help California loan originators looking for a wholesale partner with the service, technology and operational expertise to help them complete more transactions in less time.”

To better serve the changing needs of California borrowers, Western Bancorp is offering expanded loan programs, including Overlay-Free products, choose-your-term mortgages and new options to help borrowers deal with private mortgage insurance. The company also plans to expand jumbo loan offerings in the near future.

“All the growth in operations, staffing and loan programs has been focused on one objective: to enhance our ability to serve California’s wholesale originators,” said Joe McKone, Western Bancorp Vice President of Wholesale Lending. “We’re excited about our new offerings and our ability to serve even more wholesale originators as their lender of choice in the future.”

About Western Bancorp

Western Bancorp is a San Jose based mortgage company serving California borrowers for home purchase and refinancing loans. Their experienced leadership team has closed more than 500,000 loans since 1986.

The company offers a large selection of loan products, including Fixed-Rate Mortgages, Adjustable Rate Mortgages (ARM), Home Equity Loans, Mortgage Refinancing, Jumbo loans and more at competitive rates. Western Bancorp began with the goal of creating a better loan source for California borrowers. As a mortgage bank that only lends in California, Western Bancorp understands state and local regulations and how they affect local borrowers.

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Charles Warnock
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