Wall Street Mortgage Ltd. of Lake Success, N.Y., a jumbo specialist that does business as Power Express Mortgage Bankers, has hired an executive from the bankrupt subprime lender Ownit Mortgage Solutions Inc. for its Pasadena, Calif., office.
Nectar Kalajian is the executive vice president for the West Coast region. She was the president of Ownit's retail division and ran sales, processing, underwriting, closing, and post-closing operations. Ms. Kalajian joined Ownit when it acquired Security Pacific Home Loans, a lender she founded and owned. Ownit, of Agoura Hills, Calif., filed for Chapter 11 protection in December.
Ms. Kalajian has also worked in the retail and correspondent divisions of Countrywide Financial Corp.'s home loans unit.
Keith Kantrowitz, Power Express' president, said in a press release Monday, "Nectar's experience assisting consumers with affordable home mortgages and owning and operating mortgage entities within the California market will be a tremendous asset to the growth of our firm's West Coast and national retail arms."Marc Hochstein
