Lime Cracked $1B Mark in 2004

Lime Financial, Lake Oswego, Ore., cracked the $1 billion market in residential fundings in 2004 -- a record for the fast-growing nonconforming lender.Lime chief executive officer Zan Hamilton noted that the $1 billion was "five times the volume of the previous year." A mostly wholesale funder that plays in the A-minus purchase-money market, Lime has 208 employees, compared with just 78 at the beginning of 2004. The company started last year funding in just five states. It now funds in 19 states, and has plans to enter 18 additional states in the next few months.