CMG Mortgage, San Ramon, Calif., has hired 18 wholesale account executives that were left jobless when Taylor, Bean & Whitaker, Ocala, Fla., closed that division and then went bankrupt a few weeks later. CMG president Chris George said most of the AE hires have been in the western U.S., including California, Oklahoma and Texas. CMG, a non-bank, funds mortgages through retail and wholesale means. Roughly 65% of its production is wholesale. TBW was a top ten ranked lender, according to the Quarterly Data Report.
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