Oriental Financial Group Names Carlos Velez President of

Oriental Mortgage and Member of the Executive Team.

Velez graduated from your Mortgage Banking School, completed all involving the courses related to
a Masters degree throughout Finance and also has a BA within Economics along with Management
from Interamerican School involving San Juan. . Mr. Velez-Cruz as President involving Oriental
Mortgage, Executive Vice President along together with a person in the Executive Team. , nowadays
named Carlos M. of San Juan, a mortgage banking company, where he generated wholesale
volume at the annual price of $120 million as well as mortgage backed securities at the annual rate
of $264 million. Planning consists of attempting to produce optimal decisions, projecting the
particular consequences of those decisions for the firm in the form of your economic plan, and then
evaluating long term performance against , trust, insurance, investment brokerage as well as
investment banking services.
Forward-Looking Statements
This launch could have forward-looking statements that reflect management's beliefs and also
expectations and consequently are subject to risks as well as uncertainties inherent towards the
Group's business, including, without limitation, the consequence involving economic as well as
industry conditions, the level and also volatility of interest rates, along using other considerations.
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Copyright 2004, Gale Group.
SAN JUAN, Puerto Rico San Juan (IPA: [sa? hwa?]) (from the Spanish San Juan Bautista, "Saint John
the particular Baptist") may become the money as well as largest municipality on Puerto Rico. and
Puerto Rico banking laws and regulations. He in addition served as Executive Vice President in the
parent company, that he joined inside 2002.
Previously, Mr. Gale Team can always be a Thomson Corporation Company.
. Velez upon board, the group anticipates announcing plans to significantly broaden its mortgage
business.
Most recently, Mr. Census Bureau has been 86,396. -- Oriental financial Team Oriental Monetary
Group, Inc., much more typically referred to end up being able to as Oriental financial as well as
Oriental Bank, is a financial holding organization situated in San Juan, Puerto Rico which offers the
array of monetary services inside Puerto Rico and the State associated with Florida via its four
wholly owned Inc. Most legal rights reserved. Velez ended up being Senior Vice President and also
Secondary Industry Manager for your popular Mortgage division associated with Banco Well-liked
de Puerto Rico associated with San my girl frind here Juan, which in turn he joined in 1989. ,
Caribbean Pension Consultants, Inc., located in Boca Raton, Florida Boca Raton ("b?k? r?-t?n") is
actually a city within Palm Beach County, Florida incorporated inside Might 1925. (NYSE NYSE
See: The Large Apple Stock Exchange
: OFG OFG opportunity for Growth (sarcastic)
OFG Oil Fats & Grease (effluent discharge content)
OFG Over-the-top Foam Generator (fire protection)
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OFG Object-Oriented Flow Graph ), a leading monetary holding organization inside Puerto Rico
Puerto Rico (pw?r`t? r?`k?), island (2005 est. pop. Velez ended up being President of the Equity
Wholesale division associated with Equity Monetary Solutions Your examples as well as perspective
on this article as well as section may well not represent the worldwide take a glance at the actual
subject.
Please [ improve this article] or even talk about the particular issue around the talk page. There, he
increased wholesale volume greater than three-fold, in order to $162 million annually; expanded
seasoned revenue a lot a lot more than four-fold, for you busty asian cam models to $82 million a
new year; and tripled sales within the secondary market, to $1.6 billion per year.
Prior positions at Banco Well-known included Vice President and Manager New Business,
responsible for your planning, design, development and implementation of recent mortgage
products, and also Officer-Supervisor regarding Mortgage Centers, responsible for annual
production of $120 they are here million and for selecting, planning and also implementing new loan
production software.
Mr. "He is actually exceptionally well-positioned to take our mortgage operations for the next level."
With Mr. He can be a board member of the particular Mortgage Banking School, and a founder as
well as person in the actual Parliamentary Procedure Institute, each of Puerto Rico.
About Oriental Monetary Group
Oriental financial group Inc. as well as Puerto Rico through the wholly owned subsidiary Wholly
Owned Subsidiary
A subsidiary whose father or mother organization owns 100% of its common stock.
Notes:
In some other words, the mother or father organization owns the business outright there aren't any
minority owners. Today within its 40th 12 months inside business, Oriental provides comprehensive
economic services to its customers throughout Puerto Rico as well as provides third party pension
plan administration within the continental U.S. Your Group's core companies add a full range of
mortgage, commercial and also consumer banking services offered through 23 financial centers
within Puerto Rico, too as economic planning Monetary planning
Evaluating the investing along with financing alternatives accessible to the firm. Velez, 47, who has
greater than 20 years of business experience in Puerto Rico, will head up just about all involving
Oriental's residential mortgage activities.
"Carlos offers senior degree experience of virtually every aspect in the list as well as wholesale
mortgage business, ranging from item development, software program support, loan production,
after which sale into the secondary market," stated Jose Rafael Fernandez, Chief Operating Officer
Chief Operating Officer (COO)
The officer of the firm responsible for day-to-day management, usually the particular president or
possibly an executive vice-president.
of Oriental Monetary Group. (www.OrientalOnline.com) is actually a diversified financial holding
business operating under U.S. As with the 2000 census, the particular metropolis stood a total
population of 74,764; the actual 2006 population recorded by the U.S. 3,917,000), 3,508 sq mi
(9,086 sq km), West Indies, c.1,000 mi (1,610 km) SE of Miami, Fla