Neil Kornswiet                    

Proven Acumen in Mortgage Lending                            

About  Neil Kornswiet                    

An accomplished financial executive, Neil Kornswiet has served as president and CEO with a number of high-profile institutions. Currently president of mortgage finance for Pacific Mercantile Bank, he serves on the board of directors as well. Neil Kornswiet comes to his role following a successful tenure as managing director of UBS Investment Bank, where he oversaw origination and servicing of all mortgage lending.

Neil Kornswiet earlier founded two successful mortgage lenders, People's Choice Financial Corporation and One Stop Mortgage, Inc. He established One Stop Mortgage first, in 1994, and subsequently grew the company to annual revenues of $3 billion. He later facilitated its sale to Aames Financial Corporation, which requested his continuing services as president and CEO. Subsequently, Mr. Kornswiet founded People's Choice (PC) in 1999 and quickly built the company into a $10 billion business. Its successful model attracted the attention of UBS, which took over PC's loan origination and servicing operations in 2007. He balances this proven financial acumen with extensive experience in corporate law, including a stint as a partner with the national firm of McKenna, Conner and Cuneo.                            

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