Oxford Funding Corp., an asset resolution company that purchases individual and bulk subprime and non-performing mortgage loan portfolios, has named Robert M. Dunn president.
Mr. Dunn, who most recently managed San Felipe Commercial Mortgage, has extensive experience in the origination of commercial and residential mortgages and in the acquisition and sale of mortgage portfolios. Mr. Dunn joins Oxford Funding Corp. at a time when the company has announced it’s intention to acquire San Felipe Commercial Mortgage. The company also continues with its strategic plans to acquire and rehabilitate subprime mortgage portfolios in the secondary market.
“The subprime meltdown delivers an unprecedented opportunity for Oxford Funding and our shareholders, unheard of since the crises of the 1990’s,” said Ron Redd, chief executive officer of Oxford.