Steve Curry, a six-year veteran of Impac Mortgage Holdings, has left the lender to accept an executive vice president job with ClearVision Funding (CVF), a fast growing wholesaler based in Santa Ana, Calif.
Curry told National Mortgage News that CVF is licensed in five states, including California, and has regulatory approvals pending in New Jersey, North Carolina, Pennsylvania, and Texas.
CVF, which is funding about $70 million a month in new production, is privately held by a firm called Pacific Union Financial. Pacific’s owner is Northern California businessman Evan Stone.
At Impac, Curry was an executive vice president in charge of wholesale, retail, and loss mitigation. The publicly traded Impac is based in Irvine, Calif.
Last decade Impac made its name in the business as an alt-A lender, but during the financial crisis stopped funding loans, restructured its operations, and reemerged as a slimmed down company. Impac continues to be headed by its longtime managers Joe Tomkinson and Bill Ashmore.