American Mortgage Express Financial Merges with Sister Company, Millennium Funding Group.

SAN DIEGO -- American Mortgage Express (AME) Financial, a full service mortgage lender headquartered in San Diego, CA, announced the merging of resources and best practices with its sister company, Millennium Funding Group (MFG), a national wholesale mortgage lender located in Vancouver, WA.

The merge, effective January 7, 2005, was intended to enhance customer and employee experience as well as streamline corporate processes. President and Founder of AME Financial Judy Dunham expressed enthusiasm about "better leveraging the resources within the complete organization."

As a result of the recent business alignment, AME Financial has appointed a new Corporate Board of Directors.

Spencer Richardson and Dan King, Co-Founders of Millennium Funding Group, have transitioned to the roles of Chief Executive Officer and Chief Operating Officer of AME Financial. Formerly the CEO and President of MFG, respectively, they now serve on AME Financial's Corporate Board of Directors.

The new Corporate Board of Directors includes: Judy Dunham, Chairman of the Board; Linda Dunham, Secretary; Dianne Johnson, Managing Director; Spencer Richardson, CEO; and Dan King, COO.

In addition to the new Corporate Board of Directors, AME Financial and Millennium Funding Group have merged their executive management teams. Ed DeWitt has been appointed EVP of Capital Markets and Steve Taylor has been appointed EVP of Corporate Administration. Diane Treadway is heading up the National Retail Sales Division and Trace Marl leads Wholesale Production.

With the addition of the new board members, AME Financial strengthens its ability to develop into a corporation that better leverages its people and resources. The alignment of AME Financial and MFG allows the company to be in step with the needs of a robust and diverse market, serving both retail and wholesale conduits.

Millennium Funding Group, a national wholesale mortgage lender, is headquartered in Vancouver, WA. Established in 1999, MFG offers wholesale lending solutions to mortgage brokers using sub-prime and non-conforming loan products.

AME Financial, headquartered in San Diego, is one of the largest privately held mortgage lenders in San Diego County. The San Diego Business Journal has ranked AME Financial as 19 out of its 100 fastest growing private companies in San Diego County. AME retail mortgage loan production in 2004 exceeded $3 billion. The company is licensed to operate in 40 states with offices in California, Arizona and Nevada. AME also has 5 Affiliate Divisions, including Teamwork Mortgage headquartered in Encinitas, California; Pacific Capital Mortgage headquartered in Del Mar, California; Union Affiliates and TransAmerican Mortgage based in San Diego, California; and Elite Mortgage headquartered in Hawaii. AME Financial is also the mortgage banking arm for several credit unions. For more information about AME Financial products and services, please visit www.amefinancial.com.