Heritage Plaza Mortgage - Wholesale, Alt A


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We recently got word that Heritage Plaza Mortgage (HPM), a Stockton, California-based Alt-A lender was no longer in business:

I used to work for an alt-A company based in Stockton, CA called Heritage Plaza Mortgage. They are no longer in business. If you google and check out cached web pages, you'll get an idea of what they did. Heritage Plaza Mortgage had a corporate office in Stockton, CA and branch offices in Concord, CA and Sacramento, CA and in addition to its wholesale arm had a retail arm called It was licensed to lend in several states . . .

At its height in 2005, it closed roughly $750 million - $800 million in loans. Word on the grapevine is that in its last month (March or April 2007), it closed about $4 - 5 million in originations.

From their website, now only available on

HPM Wholesale funds Alt-A first and second and expanded Jumbo-A home loans through a network of mortgage professionals nationwide. U-Prove, our proprietary Automated Loan Management System, gives you 24/7 access to all your information from file submission through closing. would also appear to be down.

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Important: This company is on our list of lending operations that have "imploded". However, please note that "imploded" is a somewhat subjective and does not necessarily mean operations are ceased permanently: it can mean bankruptcy filing, temporary but open-ended halting of major operations, or "firesale" acquisition. All information here is provisional, and may contain inaccuracies (especially newer information). If you are planning on doing business with this company or any other one listed on this site, you should inquire with them directly on whether they can still meet your needs. Many are still operating in some capacity.