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CoreStar Financial Group Expands Presence in Southeast; National Mortgage Company Attracts Top Talent to Lead Wholesale Division to Increase Sales and Market Penetration.


TIMONIUM, Md. -- CoreStar Financial Group, a national mortgage banking company focused on subprime channels in the retail and wholesale markets, today announced that it has tapped Kurt Kabula, national wholesale manager, to lead the expansion of CoreStar's national wholesale division. CoreStar is experiencing rapid growth of its wholesale division in Florida, Georgia Georgia, country, Asia
Georgia (jôr`jə), Georgian Sakartvelo, Rus. Gruziya, officially Republic of Georgia, republic (2005 est. pop. 4,677,000), c.26,900 sq mi (69,700 sq km), in W Transcaucasia.
, Alabama Alabama, indigenous people of North America
Alabama (ăləbăm`ə), indigenous people of North America whose language belongs to the Muskogean branch of the Hokan-Siouan linguistic stock (see Native American languages).
, South Carolina South Carolina, state of the SE United States. It is bordered by North Carolina (N), the Atlantic Ocean (SE), and Georgia (SW). Facts and Figures


Area, 31,055 sq mi (80,432 sq km). Pop. (2000) 4,012,012, a 15.
 and North Carolina North Carolina, state in the SE United States. It is bordered by the Atlantic Ocean (E), South Carolina and Georgia (S), Tennessee (W), and Virginia (N). Facts and Figures


Area, 52,586 sq mi (136,198 sq km). Pop.
. As a result, CoreStar will increase the company's geographically dispersed dis·perse  
v. dis·persed, dis·pers·ing, dis·pers·es

v.tr.
1.
a. To drive off or scatter in different directions: The police dispersed the crowd.

b.
 employee base by 200 percent by year-end.

With an immediate focus on developing sales in Florida, Kabula will be based in Ft. Lauderdale, Fla., but will split time equally with corporate headquarters in Timonium, Md. Capitalizing on more than 15 years of industry experience, he will apply organizational strengths to develop his team of inside and field sales representatives. Kabula will build his team with an eye toward streamlining process and flow in an effort to close loans quickly and fulfill ful·fill also ful·fil  
tr.v. ful·filled, ful·fill·ing, ful·fills also ful·fils
1. To bring into actuality; effect: fulfilled their promises.

2.
 the company's customer-centric mission.

"Kurt has an outstanding reputation and has established a significant foundation of business that will enable CoreStar to continue to flourish in the Southeast region," said Tomas Gordon, CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board.  of CoreStar. "As our wholesale lending business continues to grow nationally, we will call on Kurt's industry expertise and business savvy to build out and lead top-notch regional sales teams. We are excited to extend brokers the opportunity to work with us and experience our superior service and support."

The combination of climbing real estate values and mild restrictions on lenders makes expansion in the Southeast a prime opportunity for CoreStar's wholesale division. Because CoreStar offers a full line of customized products, the company's outside account executives have the resources to successfully support individual and company portfolio growth.

"CoreStar has built a formula for success with its streamlined team model, which enables brokers to close loans quickly and efficiently. I am pleased to join the team and lend my experience to this entrepreneurial en·tre·pre·neur  
n.
A person who organizes, operates, and assumes the risk for a business venture.



[French, from Old French, from entreprendre, to undertake; see enterprise.
 company," said Kurt Kabula. "With an increased presence throughout the Southeast, we will look to develop a solid team of proactive outside account executives that will bolster This article is about the pillow called a bolster. For other meanings of the word "bolster", see bolster (disambiguation).

A bolster (etymology: Middle English, derived from Old English, and before that the Germanic word bulgstraz
 our position as a leader in the business-to-business channel. We will continue to execute on CoreStar's principal value of providing honest and equitable mortgages EQUITABLE MORTGAGE, Eng. law. The deposit of title-deeds, by the owner of an estate, with a person from whom he has borrowed money, with an accompanying agreement to execute a regular mortgage, or by the mere deposit, without even any verbal agreement respecting a regular security. 2 Pow.  to help grow loan pipelines and market share."

Kabula currently oversees 11 inside and 23 outside sales representatives nationally.

About CoreStar Financial Group

CoreStar Financial Group (CoreStar), a national mortgage banking company focused on subprime channels in the retail and wholesale markets, offers a full suite of loan products and services to fit the needs of individuals and businesses. CoreStar puts customers first and offers customized mortgage loan products to help borrowers reach their financial goals. The company has developed a unique, streamlined approval process that guarantees a significantly faster notification time. CoreStar has established partnerships with large mortgage banks and premier Wall Street banks to maintain competitive pricing and pass the savings on to customers.

Founded in October 2002, CoreStar is headquartered in Timonium, MD and has more than 190 employees and conducts business in 43 states nationwide. For more information about CoreStar Financial Group, please visit http://www.corestar.com/.
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No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 2005, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.

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Publication:Business Wire
Date:Nov 8, 2005
Words:518
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