Former Veteran CC5 Loan Officer to Open Prospect Orleans Branch

CAPE COD, Mass., July 25, 2012 /PRNewswire/ -- Jeff Kobold, with more than a dozen years of local lending experience on Cape Cod, has joined Prospect Mortgage as newly appointed Branch Manager on Cape Cod. Prospect Mortgage is among the nation's leading independent residential mortgage lenders.

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In his new role, Kobold will be responsible for expanding Prospect's reach on the Cape and for overseeing the opening and operation of a new Prospect branch in Orleans, an existing branch in Osterville and other Capewide branches to come. Prospect's goal in the next 18 months is to become the Cape Cod lender of choice.

Kobold, a former Loan Officer at Cape Cod Five Cents Savings Bank, will report to Prospect Mortgage District Manager Scott Gannon. "All Prospect Mortgage decision-making will be done locally and expeditiously," says District Manager Gannon. "Prospect Mortgage has the national resources and range of home loan solutions that most lenders cannot match, and, may, in fact, be able to fund loans in this challenging economy that other lenders might deny."

Kobold specializes in USDA, Mass Housing and FHA loans. Before entering the mortgage industry, he worked as a Delta Airlines pilot, flying 737s. Earlier, as a Navy pilot, he flew F-14s and participated in Operation Southern Watch over Iraq and the Invasion of Somalia. Kobold and his wife, Julie, a teacher at Nauset Regional High School in Eastham, live in Brewster. They are actively involved in local, regional and national charities and causes including Donate Life America, a not-for-profit organization committed to increasing organ, eye and tissue donation.

"Jeff Kobold brings a level of professionalism, community understanding and business knowledge not often seen in our industry today," added Gannon.

About Prospect Mortgage

Headquartered in Sherman Oaks, CA, Prospect Mortgage is one of the largest independent residential retail mortgage lenders in the United States. It is a leading lender offering a full range of quality home loans, including FHA and VA, Conventional, Jumbo and Super Jumbo, Renovation loans and more. It is backed by Sterling Partners, L.L.C.

Sterling Partners is a private equity firm with a distinct point of view on how to build great companies. Founded in 1983, Sterling has invested billions of dollars, guided by the company's stated purpose: INSPIRED GROWTH®, which describes Sterling's approach to buying differentiated businesses and growing them in inspired ways. Sterling focuses on investing growth capital in small and mid-market companies in industries with positive, long-term trends – education, healthcare, and business services. Sterling provides valuable support to the management teams of the companies in which the firm invests through a deep and dedicated team of operations and functional experts based in the firm's offices in Chicago, Baltimore, and Miami.

The people at Sterling believe in ideas and ideals, in people and partnerships that drive long-term success.

Read more about Prospect at www.myProspectMortgage.com.

For more information please visit www.sterlingpartners.com.

SOURCE Prospect Mortgage