Prospect Mortgage Names Henry H. Liang National Sales Director, Private Mortgage Banking

(Northbrook, IL, February 11, 2008) – Prospect Mortgage has named Henry H. Liang as National Sales Director, Private Mortgage Banking. In this capacity, Mr. Liang will oversee efforts in the jumbo and super-jumbo markets for the Prospect portfolio of mortgage companies, which includes Metrocities Mortgage, Opteum Mortgage, and Fidelity & Trust Mortgage.

Mr. Liang has 18 years of experience in the diversified financial and banking industry. His background encompasses the mortgage industry as well as new media startups and business consulting. His previous mortgage experience includes executive positions with Wells Fargo Home Mortgage, First Choice Private Mortgage Banking, Oakmont Mortgage, and Citigroup.

“Henry’s specialized expertise will build our business in jumbo and super jumbo loans at a time when other companies have limited solutions in this range,” said Mark Filler, CEO of Prospect Mortgage. “These products are essential to high-end borrowers in much of the country and median price borrowers in regions like California. Henry’s initiatives and leadership will help loan officers at all Prospect companies broaden their offerings and increase sales.”

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Prospect Mortgage
Established in 2006, Prospect Mortgage specializes in acquiring midsized residential lenders, providing them with capital, cost-efficiencies, and increased resources while maintaining a decentralized, entrepreneurial business model. Prospect is backed by Sterling Partners, a multibillion-dollar private equity fund based in Chicago and Baltimore. To learn more, visit www.prospectmtg.com.