Accredited Home Lenders Holding Co. and its subsidiaries operate as a mortgage banking company in the United States and Canada. The company originates, finances, securitizes, services, and sells nonprime mortgage loans secured by residential real estate. It originates loans through independent mortgage brokers and direct sales force. Its wholesale channel originates nonprime mortgage loans through relationships with businesses that broker mortgage loans, including small mortgage bankers, local banks, and businesses that only broker mortgage loans. The company’s retail channel originates mortgage loans through branch and centralized retail. As of December 31, 2005, Accredited Home Lenders Holding’s branch retail division originated nonprime mortgage loans through 42 branch locations throughout the United States, with 14 of the branches located in California, as well as through 4 centralized retail offices in California, Texas, Georgia, and Kansas. The company was co-founded by James A. Konrath in 1990. Accredited Home Lenders Holding is headquartered in San Diego, California.