Northridge Firm Takes Over Consumer Mortgage

Pacific Southwest Corp., a Northridge-based real estate and financial services firm, said it acquired the assets of Consumer Mortgage Inc. of Santa Ana, a wholesaler of FHA/VA and conventional residential mortgages. Terms of the deal were not disclosed. Pacific Southwest President Jerry Fraschilla said Consumer Mortgage would add to the profitability of the company’s existing mortgage operations by increasing volume while eliminating duplicate overhead costs.

Pacific Southwest also said it acquired a 50% interest in CareerStart Software Inc., a La Jolla-based company that designs and distributes job placement software.