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PHOENIX-Thirteen years after launching Churchill Mortgage Corp.,a mortgage veteran has bought the Arizona component from herCalifornia-based partner and then merged it with the commercialbanking arm. As a result, Churchill Commercial Capital Inc. is nowone of the top five commercial mortgage bankers in the state with aloan-servicing portfolio topping $500 million.
According to Cynthia Hammond, president of Churchill CommercialCapital, the merger means her company now handles the money side ofloan servicing as well underwriting. She co-founded ChurchillMortgage Corp.'s Arizona operation with help from the firm's ownersin Southern California. As part of the agreement, the SoCaloperation will continue.
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