Born in Los Angeles in 1958, the grandson of Frank I. Newfield, a well respected Realtor and Mortgage Banker in Los Angeles established in 1926 and the son of Michael R. Newfield, Business opportunity Broker and Mortgage Broker established in 1960, Larry carries on a family tradition for a 3rd generation in Southern California. Larry attended Culver High School, then graduated from Los Angeles Valley College with a degree in Real Estate Finance. Larry was first licensed in April, 1979 working for a family ran Real Estate Investment / Mortgage Brokerage Firm on Wilshire Bl. in Los Angeles, CA. The very next year, out of the entire company of 22 agents, and at the age of only 22 years old, Larry establish himself as the Top Selling Agent in 1980.
In 1983 Larry went on to manage the Mortgage Acquisition Division for California Pacific Funding in Cerritos, CA, purchasing loans, arranging financing and overseeing a staff for support and servicing.
In 1985 Larry established Diversified Mortgage Company in Orange, CA, focusing on loan purchases, arranging for financing of real property, as well as collateralization of loans. In 1990 Larry incorporated the firm as DMC INC., expanding the business and in 1992 moved to the Irvine location where the company is headquartered today. In 1997 a subsidiary called Annuity Buyers USA was established to purchase annuities and structured settlement payments. By 2004 DMC Inc./ DIVERSIFIED MORTGAGE COMPANY had purchased or arranged over $150,000,000.00 in loans and celebrated its 25th year in the Real Estate Mortgage Business. Larry is our CEO, Founder and Chairman and still oversees each transaction personally. 'Top Dollar Paid' is our philosophy and a reality in a highly competitive business, Larry will make sure you are treated professionally, fairly and with respect.