First Magnus Names Wholesale Chief

First Magnus Financial Corp., Tucson, Ariz., has announced the hiring of Ed F. Wallace Jr. as senior vice president of its Corporate Wholesale Lending Division.First Magnus said Mr. Wallace will oversee its wholesale expansion efforts in 32 states currently served through the company's centralized wholesale operation. Mr. Wallace has over 25 years of mortgage banking experience, and is credited with creating the wholesale division of one of the nation's leading mortgage lenders, the company said. First Magnus, a privately held multichannel mortgage company, can be found online at http://www.firstmagnus.com.