Pacific Capital Mortgage began its operations as a Licensed Mortgage Broker in the State of Arizona in September 1996, on West Camelback Road in Phoenix Arizona. Over the course of the next 12 years, its office was moved to downtown Scottsdale on East Camelback Road. The company had an 86% success rate of funding and closing loans once a loan application was taken by the company. After closing and funding over 2,400 mortgage loans, its operation was closed down because of the Mortgage Meltdown Crisis in 2008. The principal and broker, Mr. Peter Kwee, retired from the mortgage business and moved to South America. A couple of years ago, Peter moved back to the USA, and spent the better part of 2019 re-opening Pacific Capital Mortgage in Texas.