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Nov 27, 2008

NetMore America appoints Edwin Fuchs as new chief financial officerMortgagePress.comNetMore America, Edwin Fuchs, Mark Freedle, mortgage banker NetMore America Inc., an expanding next generation mortgage banker, has announced the hiring of Edwin Fuchs as the company's new chief financial officer. Mr. Fuchs brings to this new position over 20 years of finance experience and a deep understanding of the mortgage industry. Mr. Fuchs will be based at the company's corporate headquarters in Walla Walla, Wash. "Ed's experience in finance, deep understanding of the mortgage industry and personal qualities makes him the ideal person to lead our finance operation through NetMore's next period of rapid growth," commented Mark Freedle, president and CEO of NetMore. "The addition of Ed to our senior management team demonstrates our commitment to build a sustainable national platform through proactive financial oversight and by pursuing smart growth strategies to be a leading next generation mortgage leader." Mr. Fuchs, who is a Certified Public Accountant (CPA) and Certified Mortgage Banker (CMB), joins NetMore as an accomplished finance executive with over 20 years experience. From 2000-2007 Ed was the chief financial officer of Central Pacific Mortgage Inc. where he was responsible for directing and managing the company's financial management, reporting and treasury activities. Mr. Fuchs was elevated to the chief financial officer role at Central Pacific Mortgage after serving two years as senior vice president of capital markets and two years as vice president of accounting. During his career Ed has worked in both secondary marketing and correspondent sales at leading firms. Mr. Fuchs began his career with Arthur Young Public Accounting, and has worked as an internal auditor for Shearson Lehman and the Pacific Stock Exchange. "I am truly excited to join the talented team at NetMore America," stated Mr. Fuchs. "Over the last 12 months NetMore has put in place a strong sales and operational infrastructure that has successfully managed its enormous growth, having just closed approximately $100 million in loans in October 2008. The NetMore team has the vision, passion and the determination to make NetMore a driving force of change in the mortgage industry and the leading next generation mortgage banker. I look forward to the opportunity to contribute to the Company's continued expansion and success." For more information, visit www.netmoreamerica.com.
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