DIAMOND BAR, Calif. - First Mortgage Corp. has changed its operating structure and is planning to expand.
Chief operating officer Bruce G. Norman, 54, has added the title of president, which is being relinquished by chairman and chief executive Clement Ziroli, 54.
The company has been reorganized into two operating groups: production, headed by Abby Hedengran, 47, who recently joined the company in the new position of executive vice president for production and chief production officer; and finance, headed by Pac Dong, 46, who has been promoted to the new position of executive vice president for finance and remains chief financial officer.
"We are planning multistate branch expansion, opening 10 new offices in the next two years in California, the Pacific Northwest, Arizona, Utah, and New Mexico," Mr. Ziroli said. He hopes to achieve originations of $100 million per month in 1996, if interest rates remain low.