| Business Summary | | First
Mortgage
Corporation
is
a
mortgage
banking
firm
engaged
in
the
mortgage
banking
business
since
its
incorporation.
The
Company
originates,
purchases,
warehouses,
sells,
and
services
primarily
first
mortgage
loans
for
the
purchase
or
refinance
of
owner-occupied
one-to-four
family
residences
located
principally
in
California.
The
Company
originates
mortgage
loans
in
geographic
areas
with
moderately
priced
housing
through
a
network
of
offices
located
in
California,
Nevada
and
Arizona.
Mortgage
loans
are
originated
by
the
Company
through
the
following
channels:
referrals
from
real
estate
agents,
builders
and
other
sources;
and
its
Direct
Marketing
division
(through
targeted
mail
solicitations
and
direct
telemarketing,
and
through
approved
mortgage
loan
brokers. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | FMOR
originates,
purchases,
warehouses,
sells
and
services
first
mortgage
loans
for
the
purchase
or
refinance
of
owneroccupied
one-to
four-family
residences
in
CA,
AZ
and
NV.
For
the
three
months
ended
6/30/01,
revenues
totaled
$9.6
million,
up
from
$4.2
million.
Net
income
before
acct.
change
totaled
$1.1
million
vs.
a
loss
of
$199
thousand.
Results
reflect
higher
new
loan
production,
lower
long-term
mortgage
interest
rates
and
decreased
compensation
as
a
percentage
of
sales. | More
from
Market Guide: Significant
Developments |
| Officers | | | FY2001 Pay | |
| Clement Ziroli, 59 Chairman
and CEO | $278K | Bruce Norman, 60 Pres,
COO And Director | 246K | Pac Dong, 51 CFO,
Exec. VP, Controller, Director | 141K | Robyn Fredericks, 48 Sr.
VP, Sec. | -- | Scott Lehrer, 49 Sr.
VP | -- | Dollar amounts are as of 31-Mar-2001 and compensation values are for the fiscal year ending on that date; "Pay" is salary, bonuses, etc.. |
| More
from
Market Guide on Officers & Directors: Expanded
List, Bios,
Compensation,
Options
|
|