New Century Financial Corp. has hired Larry E. Moretti from TRW Property Data, for the newly created position of chief information officer.

Mr. Moretti was a senior information systems manager with TRW's space and electronics group. He has also been an independent technology consultant and an information specialist at Transamerica Specialty Financial.

New Century, a subprime lender, said Mr. Moretti would help the company use technology to improve its operating efficiency and expand its Internet originations channel.

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