In Brief: On-Line Lender Buys A California Broker

OnLine Capital, a unit of mortgage.com, has acquired Old Redwood Mortgage Co., a Sonoma County, Calif., mortgage broker.

Old Redwood's 12 brokers worked out of real estate agents' offices and originated about $12 million of laons last year. As loan officers for mortgage.com, they will work either in an OnLine Capital retail office or in offices owned by Advantage Financial.

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