WHOLESALE
CAPITAL CORPORATION
was incorporated under the laws of the State of California on October
5, 1992. Prior to that time, all mortgage lending was conducted under
the D.B.A., American Bankers Capital. Both companies were owned and
operated by Robert L. Rummer and Bruce Rummer prior to January 1, 1996.
The corporation was formed
with the intent of originating home mortgages through the use of FHA/VA
and Conventional loan products. On January 13, 1993, the U.S. Department
of Housing and Urban Development (HUD) approved Wholesale Capital Corporation
as a Loan Correspondent, under their guidelines.
On January 1, 1996, upon the
retirement of the Rummer’s, three new partners then acquired Wholesale
Capital Corporation: Edwin Hoffman, James Rogers and Barry Campbell.
With this new team, the Company took on a new aggressive, sales-oriented
approach to originating and funding loans. Since that time, the Company
has seen tremendous growth and expansion with the need for a corporate
identity and location. The Company elected to develop its presence and
market share in Moreno Valley and in May 1996 Wholesale Capital moved
to Moreno Valley. In March 2006 Wholesale Capital moved their new building
located at 23328 Olivewood Plaza Drive.
Wholesale Capital Corporation
received HUD approval as a Non-Supervised-Mortgagee and now functions
as a direct Mortgage Banker. With the ability to underwrite and fund
their own loans, Wholesale Capital continues to finance its steady growth
from earnings. The financial statements demonstrate that the Company
has continued to both retire debt as well as increase its capital position.
The Wholesale Capital Corporation
management team now consists of Edwin Hoffman and James Rogers as the
sole shareholders and corporate directors of this privately held company.
With the development of it’s new Mortgage Banking status, Wholesale
Capital Corporation expects to continue its rapid, but steady growth
throughout the new millennium.
CORPORATE
STATEMENT
Wholesale Capital Corporation
has earned a unique niche in the mortgage market, that of "PROBLEM
SOLVER." By using our greatest resources, our people, our
skills, and our experience, we have tackled the toughest loans and developed
a successful reputation. We follow through with "on time"
closing by utilizing a variety of financing programs. Only by
offering this level of service, each and every day, can we differentiate
ourselves from our competitors as leaders in our industry.
MISSION
STATEMENT
Wholesale Capital Corporation
is dedicated to providing our customers with Service - Quality - Experience
- Satisfaction.