Preferred Mortgage Company - Eau Claire Homes Loan

Preferred Mortgage Company (PMC) was started in 1979 as a conventional lending brokerage.  By 1994, Mr. John Torgerson saw the need for a local mortgage banking company to more fully serve the sub-prime or ‘credit challenged’ market place.  The name of his mortgage banking business is Preferred Acceptance Company (PAC).

In December of 2005, PMC & PAC merged into Preferred Acceptance Company.  Preferred Mortgage is now the mortgage brokerage division of the newly formed company.

PAC offers a full range of mortgage products and services and a growing portfolio of mortgages for those who have difficulty securing services through conventional sources.

PAC funds its lending activities though bank credit lines and the sale of promissory notes to the public, as discussed in the ‘Investment Opportunities’ page of our Web site.  These notes are available for purchase by Wisconsin residents only.