NAD’s Origination Platform Expands In California

al Asset Direct Inc. (NAD), an advisor and portfolio manager to purchasers of performing and distressed mortgages, says its lending affiliate has opened two new offices in California. United Residential Lending LLC (URL) has added branches in San Diego and Huntington Beach, Calif., and additionally plans to relocate its operations center to San Diego from Scottsdale, Ariz., in October. Sarah Hussion, formerly a loan officer with NAD affiliate iServe Mortgage Co., will serve as sales manager for URL's San Diego branch. The company named Michael Bacino sales manager at the Huntington Beach/South Orange County branch. He joins URL from BNK Consulting, a firm Bacino founded that set up loan origination operations in California. URL's expansion into the two markets comes at a time when they are showing "positive transaction momentum," notes NAD President and CEO Jeffrey Kaplan. "Going forward, NAD remains focused on supporting URL's network of retail branches, strong warehouse lending and takeout lending relationships, and broad geographic footprint to attract new partners and grow its retail loan origination presence," he says. SOURCE: National Asset


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