Local Santa Cruz-based All Cal Financial merges with national lender InstaMortgage; Jim Black appointed Director of Loans
SAN JOSE, Calif.–(BUSINESS WIRE)–All Cal Financial, one of the nation’s leading mortgage brokers, today announced its merger with InstaMortgage, a technology-focused mortgage lender licensed in 26 states.
InstaMortgage is an award-winning lender with a national reputation for providing cutting-edge technology to deliver a mortgage quickly and efficiently. All Cal Financial is one of the leading brokers operating in California. Together, the two companies will leverage their deep commitment to clients and transparency to deliver personalized home lending solutions while optimizing each client’s goals.
“InstaMortgage was attracted to Jim Black and All Cal Financial because of their reputation for excellence, honesty and transparency in the mortgage industry; values true to our own nature,” said Shashank Shekhar, Founder and CEO of InstaMortgage. “With Jim’s reputation as a premier lending agent and his expertise in innovative lending products, we will be able to accelerate InstaMortgage’s growth and meet the lending needs of even more consumers.”
The two companies will partner to provide more product options for its loan officers, new tools for referral partners to grow their business, and further the company’s goal of being the preferred lender for home buyers. House. With the merger, the InstaMortgage family grows to over 125 people.
“Shashank and InstaMortgage have been breaking records for growth and customer satisfaction for several years as industry leaders and the future of the mortgage industry,” Black said. “I am thrilled to partner with him and the rest of the talented team at InstaMortgage to support our shared vision of making lending a positive and efficient process for the consumer. We will continue to inspire, innovate and provide personalized solutions for one of life’s most important financial decisions. »
Jim Black has also been named Director of Lending for InstaMortgage and will lead new product development, technology partnerships and sales growth.
Terms of the agreement were not disclosed. Kevin Kim of Geraci, LLP acted as legal counsel to All Cal Financial and InstaMortgage on the transaction.
Originally founded in 2008 by Shashank Shekhar as Arcus Lending, the company rebranded as InstaMortgage in 2021. InstaMortgage aims to deliver a radically different mortgage experience to its customers in 26 states. By combining their superior technology with expert advice, excellent customer service and competitive rates, they offer mortgage options tailored to each client’s unique financial situation. The company was named to the Inc 500 list of America’s fastest growing private companies and recognized in the mortgage industry as one of the best producers and one of the best places to work. InstaMortgage, dba Arcus Lending Inc, NMLS 1035734