Central Coast Mortgage Consultants merges with Smith Lending Group

Central Coast Mortgage Consultants and Smith Lending Group Inc. have merged under the name Central Coast Mortgage Consultants.

Jim Smith, who was principal at Smith Lending Group, and Central Coast Mortgage Consultants principal Donna Lewis decided to merge the companies last August because it would be mutually beneficial and increase the companies’ impact, Smith said.

Smith, a broker since 1991, is now sales manager of the new firm.

Central Coast Mortgage Consultants already had “great relationships with local lenders,” so they decided to transfer the Smith Lending license to Lewis and work under the CCMC name, Smith said.

The merger gives customers greater access to loans, Smith said.

Smith Lending Group kept its office in San Luis Obispo and “changed the name on the door,” Smith said. Other than that, the company hasn’t seen many changes.

The new firm has eight employees at two offices in San Luis Obispo and one in Paso Robles.