American Pacific Mortgage (APM) has scooped up roughly 150 employees from 20 AmeriFirst Financial Inc. branches since December 2022, APM confirmed.

APM learned the Arizona-based lender’s branches were ceasing originations last month, which led to an opportunity to recruit branch managers, loan originators and processors to make up for the lost production this year, APM’s CEO Bill Lowman said in an interview with HousingWire on Monday.

“All of our production is down, the industry volume is off considerably and I think there’s an opportunity for well-positioned, well-capitalized lenders,” Lowman said. 

Lowman declined to comment details ⇒

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