Commerce Taps Asghar for Wholesale Lending Arm

NEWPORT BEACH, CA—Commerce Mortgage has appointed Shabi Asghar as president of its wholesale real estate financing division. In his new role, Asghar will be responsible for maintaining the company’s quality of service while introducing cost-effective options to mortgage lenders and borrowers.

Before joining Commerce, Asghar served as CEO and president of companies with cumulative originations totaling more than $50 billion. Most notably, he co-launched Encore Credit Corp. in 2002 with $5 million of private capital, resulting in a $750-million initial public offering in only three years. Commerce’s wholesale division represents Asghar’s fifth start-up company. He has 28 years of experience in the industry.