Civic Financial Services


| Redondo Beach, CA | June 4, 2019 –  Civic Financial Services (“CIVIC”) announced today the debut of its correspondent lending channel, creating a banked product for traditional mortgage and private money lenders with warehouse line options.

As the institutional lending community looks for alternative products and existing private money lenders look for reduction in cost of capital, CIVIC is expanding the funding capacity for the non-owner occupied business loan market. With unique products and a proprietary technology, its correspondent platform enables approved lenders to close CIVIC loans in their own name as well as access to warehouse lines.

William J. Tessar, President of Civic Financial Services, previously spent 30 years on the conventional side of lending. “Simply put, we understand the needs of our partners,” said Tessar. “In the wholesale arena, private money products were only available through the broker vein, which meant less revenue for the mortgage banker. In the private money arena, lenders were previously limited by the amount of capital they could raise.”

To meet the needs for both, CIVIC created a banked product that enables partners the ability to offer a complete product line with a highly reputable, institutional private lender.

CIVIC’s correspondent platform is spearheaded by seasoned mortgage veteran, Zeenat Zonte, who brings more than 20 years of experience in the mortgage sector and an esteemed portfolio having held leadership positions with NewRez, Stearns Lending and Ditech Home Loans.

“Creating a correspondent channel was a natural progression for our company, whose roots lie in the fix-and-flip space as well as decades of experience in institutional lending,” says Zonte. “This is a win-win for mortgage partners and investors alike. With CIVIC correspondent loan programs, our partners can offer a unique product in high demand for acquisition, rehab and rental scenarios.”

To learn more about Civic Financial Services’ correspondent channel, please visit

You may also click here to view this release online, as featured on Yahoo Finance.


CIVIC FINANCIAL SERVICES is a private money lender, specializing in the financing of non-owner occupied investment properties. CIVIC was created by its parent companies, Wedgewood and HMC Assets LLC, to serve investors who don’t fit traditional lending criteria.  Wedgewood and HMC, two of the most respected names in residential real estate, provide CIVIC with unparalleled valuation expertise in the real estate vertical as well as access to low-cost capital. With these resources, CIVIC is able to keep all operations in-house so loans are managed more closely, quickly, and efficiently.  For more information, please visit

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