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Presently, Mr. Ashmore is the President and Director of Impac Mortgage Holdings, Inc., Impac Funding Corporation and Impac Warehouse Lending Group.
Mr. Ashmore graduated with a Bachelor of Arts degree from the University of California, at Los Angeles in 1971 and received a Masters of Arts degree from California State University at Northridge in 1974.
Mr. Ashmore established a real estate mortgage service company that evolved into a complete mortgage banker over the next several years funding over $100 million annually. During the period of 1978 to 1985, he served as President of the mortgage corporation, supervising operations of the Secondary Marketing Department. In 1985, he transferred the assets to a newly created wholly owned subsidiary, Century National Mortgage Corporation. He acted as Chief Executive Officer and Vice Chairman of the Board of Directors until 1987.
From 1988 until 1996, Mr. Ashmore was employed with Imperial Credit Industries as Executive Vice President and Director of Secondary Marketing. He was responsible for overseeing and directing loan sales and securitizations, loan acquisitions, product development, hedging and pipeline management. Major accomplishments include the inception of ICI Funding Corporation (currently known as Impac Funding Corporation) and overseeing the securitization of over $10 billion in residential mortgage assets, in addition to, the development of successful and innovative loan products.
In November 1995, along with Mr. Tomkinson and Mr. Johnson, Mr. Ashmore successfully completed an initial public offering of Impac Mortgage.
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