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The company more than doubled the $39.3 million of earnings it generated in the first quarter.
Diversified business model, rising production volumes, and large servicing portfolio propel the company to profitability.
Loan originations are down but servicing portfolio continues to grow.
Vandy Fartaj stepping down to be replaced by company vet William Chang
His appointment is effective March 1.
Wholesale lender says platform reduces processing time from loan creation to credit submission by as much as 40%.
