American Home Mortgage Announces Key Additions to the Senior Management Team; Two Industry Veterans Bring Invaluable Experience to Mortgage Leader.Business Editors NEW YORK--(BUSINESS WIRE)--March 21, 2001 American Home For the American mortgage lender, see . The American Home is a center of intercultural exchange located in Vladimir, Russia. The home is designed to model a typical American suburban home and its main focus is the ESL school that provides lessons for Russian students. Mortgage Holdings, Inc. (NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on :AHMH AHMH American Home Mortgage Holdings, Inc. ), a leading online and offline retail mortgage banker Mortgage Banker A company, individual or institution that originates, sells and services mortgage loans. Notes: Don't confuse a mortgage banker with a mortgage broker. , today announced the addition of two key executives to its senior management team; Don Henig as senior vice president of New Sales Channels and Dena Kwaschyn as senior vice president of operations. Donald Henig, a veteran leader in the mortgage industry, has been appointed as senior vice president of New Sales Channels. In his new position, Mr. Henig will be responsible for expanding online origination volume through American Home's Internet division, MortgageSelect.com, as well as through new business ventures with banks and realtors; including the soon to launch concierge service for new homebuyers, American Home Solutions. Mr. Henig brings an extensive list of credentials and achievements to American Home Mortgage, and over a decade of experience in the mortgage industry. Most recently, Mr. Henig held the position of senior vice president at LoanTrader, Inc., where he managed the strategic planning Strategic planning is an organization's process of defining its strategy, or direction, and making decisions on allocating its resources to pursue this strategy, including its capital and people. , corporate relations and new business development for the national mortgage technology company. Prior to LoanTrader, Mr. Henig founded Mortgage tech, the mortgage industry's first successful national franchise system that later merged with an Internet technology firm creating a $12 billion business. "I am excited about my new role at American Home Mortgage," said Mr. Henig. "The manner in which consumers choose mortgage products and lenders has changed over the past five years, and I believe that this transition will continue at an accelerated pace. I now have the opportunity to help American Home meet these changing consumer needs and play a critical role in the company's success," added Mr. Henig. Mr. Henig's professional highlights include past president of the National Association of Mortgage Brokers The National Association of Mortgage Brokers, or NAMB is self-described as the "only national trade association representing the mortgage broker industry in the United States." It has a membership of 27.000 members and was founded in 1973. and founder of the New York New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of Association of Mortgage Brokers. He also set a precedent as the first mortgage broker named to the executive committee of the Mortgage Bankers Association of America and the first broker named to the Association's Board of Governors. Mr. Henig has a bachelor's of finance from Hofstra University Hofstra University (hŏf`strə, hôf`–), at Hempstead, N.Y.; coeducational. Founded as a division of New York Univ. in 1935, it became independent in 1940, and its name was changed to Hofstra College. , Long Island, N.Y. "I am pleased that Don has joined our senior management team," said Michael Strauss, CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. and president, American Home Mortgage. "He has a unique combination of e-commerce and mortgage lending experience, and I am confident that his strategic expertise on future trends in mortgage lending will give us a competitive advantage." Also announced today, Dena Kwaschyn has joined the company as senior vice president of operations. Ms. Kwaschyn will be responsible for seamlessly integrating the entire American Home family of acquisitions and subsidiaries. She will establish benchmark best practices for workflow, as well as standardize systems, policies and procedures Policies and Procedures are a set of documents that describe an organization's policies for operation and the procedures necessary to fulfill the policies. They are often initiated because of some external requirement, such as environmental compliance or other governmental to increase overall profitability and efficiency in each of the American Home branches. "I am truly pleased to be part of such a dynamic and innovative company," said Ms. Kwaschyn. "As American Home grows and pursues more consolidation opportunities, I look forward to meeting the challenges of the job." Ms. Kwaschyn brings well over a decade of mortgage banking knowledge and operations experience to American Home, including a 12-year stay as the executive vice president and chief lending officer for Long Island Savings Bank savings bank, financial institution that, until recently, performed only the following functions: receiving savings deposits of individuals, investing them, and providing a modest return to its depositors in the form of interest. . A member of the mortgage banking community since 1983, Ms. Kwaschyn has managed both wholesale and retail lending divisions, and has gone on to help several firms increase their operational efficiencies. She is a member of the Mortgage Bankers Association of America, the Association of Professional Mortgage Women, and a graduate of Manhattan College. "Dena's proven track record for streamlining operations, enhancing customer service, and ultimately reducing costs is an asset to American Home's profitability and efficiency, and I am pleased to have her on the team," said Mr. Strauss. "The addition of both Don and Dena supports American Home's commitment to rapidly growing our franchise and constantly improving our efficiency and mortgage capability." About American Home Mortgage American Home Mortgage Holdings (NASDAQ:AHMH) is a leading independent retail originator of residential mortgage loans both online and offline. Its online operation, Mortgageselect.com, is ranked #3 among active lenders in closed loan volume, and has outperformed its online competitors in terms of profitability. Offline, the Company has grown organically and by acquisition and now has 53 community loan offices in 12 states across the country. The Company has overcome the cyclical cyclical Of or relating to a variable, such as housing starts, car sales, or the price of a certain stock, that is subject to regular or irregular up-and-down movements. nature of its industry by focusing on the homebuyers market rather than the refinance Refinance 1. When a business or person revises their payment schedule for repaying debt. 2. Replacing an older loan with a new loan offering better terms. Notes: When a business refinances they typically extend the maturity date. market, and by gaining market share with its broad product line, competitive rates, and consultative sales approach. For additional information, please visit the Company's Web site at www.mortgageselect.com. |
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