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Pacific Union Financial is planning to consolidate its wholesale brands.
The Irvine, Texas-based lender announced this business strategy due to the retirement of Jon Maddox, president of ClearVision Funding. ClearVision in Santa Ana, Calif., was the company’s other wholesale brand.
Jim Wyble, executive vice president and wholesale production channel manager at Pacific Union, will manage the combined $4 billion wholesale lending platform, according to a press release.
The consolidation is expected to be completed by the start of next year. Pacific Union is projecting the platform to grow an additional $2 billion in 2015.