Preferred Mortgage Corp. named Chris Lombardi to the newly created position of vice president and national retail production manager.

Mr. Lombardi will head the company's expansion efforts in retail loan production.

His responsibilities include locating potential branch locations, recruiting staff, and setting guidelines for loan origination and processing.

He will also direct the lender's marketing efforts and product development.

Before joining Preferred, Mr. Lombardi was vice president and regional manager at Bear Stearns Mortgage Co., Newport Beach, Calif. Earlier, he was executive vice president at General American Financial Corp.

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