W.J. Bradley Co. Merchant Partners has purchased SB Financial of Los Angeles, a mortgage brokerage firm that originated $650 million in mostly prime and alt-A loans last year.No purchase price was disclosed. Based in Denver, W.J. Bradley is a privately held venture capital firm. In the mortgage space it has been buying mostly brokerage firms for two years now. SBF is its 10th purchase. W.J. Bradley's president of mortgage banking is Mark Korell who once headed the nation's largest mortgage banking firm, Norwest Mortgage (now part of Wells Fargo Home Mortgage).
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