In Brief: CFI Unit Names Subprime Head

CFI Mortgage announced the appointment of Robert J. Sullivan, a former national sales manager at Resource Mortgage Bancshares, as national director of subprime correspondent lending for a newly formed subsidiary, Direct Mortgage Partners.

At Resource, Columbia, S.C., Mr. Sullivan led the introduction of subprime products, increasing subprime lending there at a rate of $20 million a month.

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