WHOLESALE CAPITAL CORPORATION was formed with the intent of originating home mortgages through the use of FHA, VA and Conventional loan products. The company became incorporated under the laws of the State of California on September 30, 1992 and on January 13, 1993 the U.S. Department of Housing and Urban Development (HUD) approved Wholesale Capital Corporation as a Loan Correspondent under their guidelines. Prior to 1992, all mortgage lending was conducted under the D.B.A., American Bankers Capital. Both companies were owned and operated by Robert L. Rummer and Bruce Rummer. Upon the retirement of the Rummer's in January 1996, Ed Hoffman acquired Wholesale Capital Corporation. With this new team, the Company took on a new aggressive, sales-oriented approach to originating and funding loans. The Company elected to develop its presence and market share in Moreno Valley and in May 1996 Wholesale Capital moved to Moreno Valley. In 1998 Wholesale Capital Corporation received HUD approval as a Non-Supervised-Mortgagee and functions as a direct Mortgage Banker. With the ability to underwrite and fund their own loans, Wholesale Capital continues to finance its steady growth from earnings. For 10 years the company experienced tremendous growth and discovered a need for a corporate identity. In March 2006 Wholesale Capital moved their newly constructed 14,000 sq. ft. building located at 23328 Olivewood Plaza Drive. Wholesale Capital Corporation is now solely owned by Edwin Hoffman as a privately held corporation. Wholesale Capital has become a strong dynamic company that continues to be innovative in the lending industry.
CORPORATE STATEMENT
Wholesale Capital Corporation has earned a unique niche in the mortgage market, that of "PROBLEM SOLVER." By using our greatest resources, our people, our skills, and our experience, we have tackled the toughest loans and developed a successful reputation. We follow through with "on time" closing by utilizing a variety of financing programs. Only by offering this level of service, each and every day, can we differentiate ourselves from our competitors as leaders in our industry.
MISSION STATEMENT
Wholesale Capital Corporation is dedicated to providing our customers with Service - Quality - Experience - Satisfaction.