FNBA expands insurance services and launches new products
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FNBA expands insurance services and launches new products

November 19, 2006

American Home Mortgage Correspondent Lending Division hires new executive teamMortgagePress.comAmerican Home Mortgage, appointments, new hires
American Home Mortgage
Correspondent Lending Division, the Correspondent Lending
Division of American Home Mortgage Investment Corporation, has
announced the hiring of six high-level account executives,
significantly increasing the size of the division.
This experienced team of account executives joined American Home
Mortgage Correspondent Lending Division from Washington Mutual and will be
charged with expanding production volumes and providing
best-in-class customer service in the same regions that they
formerly headed. The new account executives and their respective
regional offices are Steven Campbell, Columbia, S.C.; Molly Gross,
Grosse Pointe, Mich.; Mary Niederhaus, Sacramento, Calif.; Mary
O'Connell, Nashville; Ed Robinson, Philadelphia and J. Gordon
Terry, Jacksonville, Fla.
"We are extremely pleased to have this team of experienced
mortgage professionals become part of the Correspondent Lending
Division," said Rick Pishalski, executive vice president of
American Home Mortgage Correspondent Lending Division. "Our success
in attracting this heavily recruited team was based on our
innovative mortgage products, technology platform and our
underwriting and secondary marketing capabilities. These account
executives are all very talented veterans who bring with them both
an impressive set of skills and a significant base of customers
that they will be able to expand by leveraging our internal
resources. We believe this group of professionals, who have a long
history of working as a team, will have an immediate impact on our
business."
American Home Mortgage Correspondent Lending Division was
launched in July 2005 and reached $1 billion in production volume
after only seven months. With the addition of these account
executives, the division will now have 16 account executives and
two operations centers, serving an expected 900-1,000 customers by
the end of 2006.
"American Home Mortgage's Correspondent [Lending] Division is
aggressively moving to expand this channel with our goal of
becoming a top 10 originator in the correspondent marketplace,"
Pishalski said. "Today, we are focused on building our brand by
offering our lending partners a flexible product portfolio that
will help them meet the needs of existing and potential clients and
tools that generate operational efficiencies throughout the loan
process."
The following are brief descriptions of the new members of the
American Home Mortgage Correspondent Lending Division.
Thomas Adkins Jr., Senior Vice President: Most recently, Adkins
served as senior vice president and Eastern region production
manager of Washington Mutual Bank's Correspondent Lending Division.
A magna cum laude graduate from Hampden-Sydney College with a
bachelors degree in psychology and business, he has 24 years of
experience in the residential mortgage banking industry. His
primary responsibilities have centered on correspondent and broker
sales, secondary marketing and operations.
Steven Campbell, Vice President: Previously, Campbell was an
account executive with Washington Mutual Bank's Correspondent
Lending Division, serving the markets of Alabama, Kansas and
Missouri, where he developed, maintained and cultivated more than
150 correspondent relationships. His broad-based mortgage
experience encompasses 15 years. He holds a Bachelor of Arts degree
in economics from Francis Marion College in Florence, S.C.
Molly Gross, Vice President: Before joining American Home
Mortgage, Gross was an account executive in Washington Mutual
Bank's Correspondent Lending Division, with responsibility for
serving the Michigan and Ohio markets. She began her mortgage
banking career in 1990 after graduating cum laude with a Bachelor
of Arts degree from the University of Detroit.
Mary Niederhaus, Vice President: Prior to joining American Home
Mortgage, Niederhaus was a correspondent account executive with
Washington Mutual Bank and, prior to that, Chase Home Finance's
correspondent home equity unit in the Pacific Northwest. She will
continue to serve this region alongside Dan Ferris, Master CMB, who
was promoted to senior vice president and regional manager.
Niederhaus began her mortgage career as a regional and divisional
manager in 1990 with Norwest. She attended Moorhead State
University in Moorhead, Minn.
Mary O'Connell, Vice President: O'Connell is a former account
executive of the Correspondent Lending Division of Washington
Mutual Bank, with responsibility for managing 160 customers across
her region of Florida, Georgia and Tennessee. Her correspondent
sales experience spans 10 years. She has a Bachelor of Science
degree in the area of finance and real estate from the University
of Wisconsin.
Ed Robinson, Vice President: Robinson was a senior account
executive with Washington Mutual Bank, responsible for managing its
Northeast correspondent lending region. He began his mortgage
lending career in 1990 as a commercial lending officer with
CoreStates Bank. He holds a Bachelor of Business Administration
degree from the Wharton School of the University of
Pennsylvania.
J. Gordon Terry, Vice President: Terry was a senior account
executive with Washington Mutual Bank's Correspondent Lending
Division, based in Jacksonville, Fla. For many years, he was also
vice president and RAMP production manager for HomeSide Lending
Inc., also in Jacksonville. He graduated from the University of
Georgia with a Bachelor of Science degree and captained the
Bulldogs football team in 1979.
With the exception of Niederhaus, who will report to Senior Vice
President Dan Ferris, Master CMB, the above team of account
executives will report to Senior Vice President Thomas Adkins Jr.,
their senior leader at Washington Mutual before he also
transitioned to American Home Mortgage.
For more information, visit www.americanhm.com.

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