Brad A. Morrice

BRAD A. MORRICE has been Vice Chairman of New Century Financial
Corporation since December 1996, President and a Director since
November 1995 and Chief Operating Officer since January 2001. Mr.
Morrice also served as the company’s General Counsel from
December 1995 to December 1997 and the company’s Secretary from
December 1995 to May 1999. In addition, Mr. Morrice serves as
Chairman and Chief Executive Officer of New Century Mortgage and
Chairman and Chief Executive Officer of NC Capital Corporation.
From February 1994 to March 1995, he was the President and Chief
Operating Officer-Administration of Plaza Home Mortgage, after
serving as its Executive Vice President, Chief Administrative
Officer since February 1993. In addition, Mr. Morrice served as
General Counsel and a Director of Option One. From August 1990 to
January 1993, Mr. Morrice was a partner in the law firm of King,
Purtich & Morrice, where he specialized in the legal
representation of mortgage banking companies. Mr. Morrice
previously practiced law at the firms of Fried, King, Holmes &
August and Manatt, Phelps & Phillips. He received his Law degree
from the University of California, Berkeley (Boalt Hall) and a
Master’s of Business Administration degree from Stanford
University.