All Cal Financial Merges with InstaMortgage

All Cal Financial, a California-based mortgage broker, announced it has merged with InstaMortgage, a tech-driven mortgage lender licensed in 26 states. No financial details were released.

Jim Black, All Cal Financial’s founder, will assume the role of chief lending officer with InstaMortgage and will lead new product development, tech partnerships, and sales growth. With the merger, InstaMortgage expands to more than 125 employees.

“InstaMortgage was drawn to Jim Black and All Cal Financial because of their reputation for excellence, honesty and transparency in the mortgage industry; values true to our own nature,” said Shashank Shekhar, founder and CEO of InstaMortgage. “With Jim’s reputation as a top producing loan officer and expertise with innovative lending products, we will be able to accelerate the growth of InstaMortgage and meet the lending needs of even more consumers.”

Originally founded in 2008 by Shekhar as Arcus Lending, the company rebranded as InstaMortgage in 2021. The company has been named to the Inc. 500 list of fastest-growing private companies in America and recognized in the mortgage industry as a top producer.