Loans to EMB Mortgage
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COSTA MESA — EMB Mortgage Corp. said Tuesday that it has received a new loan commitment of $500 million from Impac Funding Corp.
The money will enable EMB Mortgage, a wholly owned subsidiary of EMB Corp. in Costa Mesa, to meet its goal for its current fiscal year of funding $750 million in new home loans.
EMB Mortgage uses interactive video conferencing to help it originate home loans from any location in the United States to one of its national processing centers.
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