WestWorks Foresees Loan Boom

Despite the recent sub-prime controversy, one local lender predicts business will continue to boom.

Ron Wilsie, president of WestWorks Mortgage in Santa Ana, said rising interest rates will probably increase pressure on debt-laden consumers and spur an increase in refinancings as consumers turn to sub-prime lenders to consolidate their debts.

Debt consolidation is one of the most common reasons that homeowners use sub-prime lenders, which target borrowers who are turned down by traditional lenders.

Wilsie said the company plans to double the size of its sales force over the next 90 days.