Sun American Bancorp, Boca Raton, Fla., has announced the launch of a new residential mortgage company, Sun American Financial LLC.The president and principal mortgage broker of Sun American Financial is Bernardo Reynoso, the founder of Iberia Mortgage Corp. Mr. Reynoso has more than 10 years of experience in residential lending, including Federal Housing Administration loans, Fannie Mae guidelines, and subprime lending, the company said. In addition, Cesar Jimenez was named vice president of the new mortgage company. The parent company can be found online at http://www.sunamericanbank.com.

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