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Inside American Pacific Mortgage’s quest for expansion

Mortgage rates are on a declining trend, but don’t be fooled – the industry’s efforts to rightsize from a pandemic boom will continue through 2023. Up to 30% of the 1,000 largest independent mortgage banks will disappear by the end of this year, either through sales, mergers, or failures amid still-high inflation and rising interest rates, according to projections by the M&A advisory firm Sterling Point Advisors. 

But American Pacific Mortgage (APM), a California-based retail lender of about 3,600 employees and 1,500 mortgage loan originators, is undeterred by the depressing outlook. Rather, APM details ⇒

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