How Ishbia parlayed basketball passion, wealth into Suns, Mercury ownership

Mat Ishbia’s slam-dunk rise in the mortgage-lending business could portend well in his role as the new controlling owner of the NBA’s Phoenix Suns and WNBA’s Phoenix Mercury.

He took a company founded by his father and built it, in little more than a dozen years, into the nation’s largest mortgage lender. He has shown a strong work ethic, attention to detail, concern for employees and a willingness to embrace innovation. He seems to enjoy, if not thrive on, competition.

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