WHOLESALE
CAPITAL CORPORATION was formed with the intent of originating
home mortgages through the use of FHA, VA and Conventional loan products.
The company became incorporated under the laws of the State of California
on September 30, 1992 and 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. Prior to 1992, 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.
Upon the retirement of the Rummer's in January 1996, Ed Hoffman acquired
Wholesale Capital Corporation. With this new team, the Company took
on a new aggressive, sales-oriented approach to originating and funding
loans. The Company elected to develop its presence and market share
in Moreno Valley and in May 1996 Wholesale Capital moved to Moreno Valley.
In 1998 Wholesale Capital Corporation received HUD approval as a Non-Supervised-Mortgagee
and 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. For 10 years the company experienced tremendous
growth and discovered a need for a corporate identity. In March 2006
Wholesale Capital moved their newly constructed 14,000 sq. ft. building
located at 23328 Olivewood Plaza Drive. Wholesale Capital Corporation
is now solely owned by Edwin Hoffman as a privately held corporation.
Wholesale Capital has become a strong dynamic company that continues
to be innovative in the lending industry.
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.