Subprime giant First Franklin, San Jose, Calif., has named Andrew Pollock president and chief executive officer.The bank-owned lender promoted Mr. Pollock from his position as chief operating officer. First Franklin is the third-largest wholesale subprime funder in the U.S., and the seventh-largest subprime originator overall, according to figures compiled by the Quarterly Data Report, a MortgageWire affiliate. He joined the company in 1998 and was put in charge of asset quality, corporate underwriting, and compliance. During his career, he has also worked for DV Capital Inc., a venture capital firm, and Wilshire Financial. National City, Cleveland, is the parent company of First Franklin.
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