Shabi Asghar Named President Of Commerce Mortgage Wholesale Division

NEWPORT BEACH, Calif., March 25, 2014 /PRNewswire/ -- Commerce Mortgage, a national leader in real estate financing, announced today the appointment of Shabi Asghar as president of its wholesale real estate lending division.  In his new position, Asghar will be responsible for maintaining the company's dedication to delivering best-in-class service while introducing cost-effective options to mortgage lenders and borrowers. 

Prior to joining Commerce Mortgage, Asghar presided as CEO or president of companies with cumulative originations totaling over $50 billion.  Most notably, he co- launched Encore Credit Corporation in 2002 with $5 million of private capital, resulting in a $750 million initial public offering in only three years.  Commerce Mortgage's wholesale division represents Asghar's fifth start-up company, where he will use his 28 years of industry expertise in growing companies to implement an unmatched pedigree of delivering superior service via top notch industry personnel.

Commerce Mortgage's unparalleled performance and speed of funding with a new line of innovative real estate financing products are its differentiating attributes in the industry.

Mario De Tomasi, CFO of Commerce Mortgage states, "Our executive team is excited to appoint Shabi Asghar as president, spearheading the company's wholesale lending division and supporting the company's vision of moving forward with a reviving market by offering products backed by a team of professionals with the utmost integrity and knowledge of the industry."

About Commerce Mortgage
Commerce Mortgage is headquartered in San Ramon, California and serves customers from a wide range of locations throughout California, Colorado, Nevada and Florida. Since 1994, the company has funded tens of thousands of loans, delivering highly competitive financing with the utmost attention to personal service. With a strong, stable reputation in the real estate finance industry, Commerce Mortgage serves the lending needs of individual homebuyers, real estate professionals and builders throughout the Western United States. Its in-house underwriting and in-house documents and funding, allows loans to be approved within hours and funded within days.

Media Contact:
Media Relations
Commerce Mortgage
(925) 275-6844
[email protected]

Logo - http://photos.prnewswire.com/prnh/20130312/SF74787LOGO

SOURCE Commerce Mortgage

WANT YOUR COMPANY'S NEWS FEATURED ON PRNEWSWIRE.COM?

440k+
Newsrooms &
Influencers

9k+
Digital Media
Outlets

270k+
Journalists
Opted In

GET STARTED