Icon Residential Capital LLC, Newport Beach, Calif., has announced the formation of a wholesale mortgage lending division to be headed by Kathleen Lipps as national production manager.Icon said it plans to redefine wholesale lending by concentrating on building long-term relationships with brokers. "These relationships will, in turn, allow brokers to better serve their customers and respond to their individual needs," the company said. Ms. Lipps has over 16 years of experience in mortgage lending, having held senior positions with several national mortgage lenders in nearly every aspect of retail and wholesale loan production, Icon said. The company can be found on the Web at http://www.iconrescap.com.

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