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Neal Henschel is Chairman, Chief Executive Officer, and co-founder of First NLC Financial Services, a nonprime, multi-channel, residential mortgage lender originating loans in 42 states.
After serving in the United States Marine Corp during the Korean War, Mr. Henschel held a variety of positions in several industries. In 1975, he moved to Florida, where he entered the mortgage industry and opened up his own mortgage brokerage business. After 10 years, Mr. Henschel recognized the need for wholesale lending for the nonprime market and, in 1987 he started a wholesale mortgage lending company, the predecessor to First NLC. In 1999, he co-founded First NLC, which became a wholly owned subsidiary of Friedman, Billings, Ramsey Group, Inc., in February 2005.
Today, First NLC has more than 1,500 employees, with operations centers in Tampa, Florida; Concord, California; Anaheim, California; Orange, California; Overland Park, Kansas; and outside of Chicago, Illinois. Along with the original wholesale business, channels have been added for retail, institutional, and correspondent lending. | 