RIVERSIDE, Calif. -- Directors Mortgage Loan Corp., the nation's 16th-largest home lender, says it is putting itself up for sale.

The company, which is privately held, said Monday that it had hired Furash & Co., a Washington, D.C., consulting firm specializing in banking, to help it find a buyer. Raymond L. Crebs, president and chief executive officer, said changes in mortgage banking have made Director's sale one method of insuring its continued growth.

Mr. Crebs said the company had already received indications of "substantial interest" from potential buyers, but he declined to identify itself.

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