Larry E. Moretti has been named executive vice president and chief administrative officer of ECC Capital Corp., a mortgage finance company based in Irvine, Calif.Mr. Moretti was most recently chief information officer and senior vice president of New Century Mortgage Corp., where he also served as chief administrative officer in 2001 and 2002, ECC Capital said. Steve Holder, ECC Capital's chairman and co-chief executive officer, said Mr. Moretti's appointment "represents ECC Capital's commitment to technology innovations that we believe will put us at the cutting edge of nonconforming lending."
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