First Mortgage Ceases Operations

After 40 years in the lending business, a top twenty lender in California is closing its doors

ONTARIO, Calif.--()--After serving borrowers in the Western United States for over 40 years, First Mortgage Corporation (FMC) located in Ontario, California, is ceasing operations. FMC stopped originating loans in July 2015 and will shortly have sold off or otherwise liquidated its loan and servicing portfolios and its loan origination offices. FMC focused on making home loans to first time home buyers, persons with lower credit scores, the working poor, and other persons otherwise underserved by America’s large financial institutions. Even though FMC focused on a less-wealthy segment of the home buying public, over the course of its history FMC maintained low delinquency rates for its servicing portfolio of over 30,000 loans.

Contacts

First Mortgage Corporation
Clem Ziroli, Jr.
President
(909) 983-4141 x355
czirolijr@firstmortgage.com

Contacts

First Mortgage Corporation
Clem Ziroli, Jr.
President
(909) 983-4141 x355
czirolijr@firstmortgage.com