Direct Mortgage Partners Inc. said it would start making high-loan-to-value second mortgages and centralize its western subprime lending operations in an Irvine, Calif., office.

The company, a subsidiary of publicly traded CFI Mortgage Inc., hired Greg Cutuli as a senior vice president to run the Irvine operation, which will be called Direct Lending Partners.

Subscribe Now

Access to authoritative analysis and perspective and our data-driven report series.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.