Pacific Union Financial LLC, Announces Hiring of Rick W. Skogg as its President

Walnut Creek, California (EastBayDaily) — Pacific Union Financial LLC, (PUF) a national mortgage banking company headquartered in Walnut Creek, CA, has hired Rick W. Skogg as its President.

Mr. Skogg previously served as Executive Director for MetLife Bank for the past two years. Among his accomplishments, Mr. Skogg has held such positions as, Chief Operating Officer of Aurora Loan Services and President of W.J. Bradley Mortgage Capital Group. Regarding his new career at Pacific Union, Skogg said, “I am excited to join Pacific Union to build upon the extremely positive growth and profitability trend already in place. I see tremendous potential for Pacific Union as we build a national, full-service, multi-channel mortgage origination and servicing platform.”

Pacific Union Financial Chairman and CEO Mr. Evan Stone said of the hiring of Skogg, “Since Pacific Union’s inception in 2004, there has been no bigger addition to our company. Rick Skogg’s experience and achievements speak for themselves. By Rick joining our company as its leader, we intend to grow our origination channels significantly and simultaneously to improve operational efficiencies. In PUF history, I cannot think of an event that is more meaningful and important to our organization. Rick and I see eye-to-eye on what the current and future market opportunities are, and I look forward to working along side him in achieving our lofty goals.”

Pacific Union Financial maintains three channels of mortgage banking delivery brands, Pacific Union, ClearVision Funding, and Liberty Mortgage Bankers. Mr. Jon Maddox, President of ClearVision Funding says of Skogg, “We are very fortunate and excited to have Rick join our group. His extensive background and expertise at the highest echelon, brings the talent necessary to take our Company to the next level of growth.”

Mr. Ali Vafai, President of the Pacific Union brand says, “I’m highly confident that with the addition of Rick, Pacific Union is poised for tremendous growth. We are very proud of how far we have come over the last eight years, and with Rick serving as Company President, we anticipate that the success of our company will continue to flourish.”

About Pacific Union Financial Pacific Union Financial, LLC is a nationwide residential mortgage lender headquartered in Walnut Creek, CA. As a direct lender with GNMA and FNMA approvals, Pacific Union originates loans via their retail, wholesale and correspondent channels. Established in 2004 and having weathered the financial turbulence of 2007-2008, Pacific Union Financial grows stronger each year, and in 2010, surpassed a billion dollars in annual origination.

Attributable to our credit culture and risk mitigation philosophy, Pacific Union Financial has maintained one of the best FHA compare ratio scores in the industry while passing multiple audits by regulators, investors and its counterparties each year. As a matter of policy, we perform comprehensive due diligence reviews on our loans to ensure compliance and insurability of each loan unit we originate, surpassing the standards set in our industry.

We leverage our knowledge and experience to deliver exemplary service and competitive products to our partners. Pacific Union’s Executive Management Team has over 100 years of combined leadership expertise with over 327 employees who service our clients and partners from our offices in Northern California, Southern California and Virginia.

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Evan Stone