American Mortgage Network Appoints Richard Eampietro as Senior Vice President and Western Divisional Manager.Business Editors SAN DIEGO--(BUSINESS WIRE)--Oct. 15, 2003 American Mortgage Network (AmNet), a wholesale mortgage bank serving mortgage brokers and a wholly owned subsidiary Wholly Owned Subsidiary A subsidiary whose parent company owns 100% of its common stock. Notes: In other words, the parent company owns the company outright and there are no minority owners. of American Residential Investment Trust, Inc. (Amex(R): INV INV abbr. in vitro fertilization ), announced today that it has appointed Richard Eampietro as Senior Vice President and Western Divisional Manager. He is responsible for the Western Division's loan production offices in Arizona, California, Colorado, Oregon and Washington. Commenting on the appointment, John M. Robbins, Chairman and Chief Executive Officer, said, "Richard has extensive experience in the mortgage industry and has aggressively expanded the wholesale arena for other leading financial institutions. He has developed programs that increased profitability and origination results. Richard's expertise will help grow AmNet's presence in the wholesale channel and increase our market share in the Western United States Noun 1. western United States - the region of the United States lying to the west of the Mississippi River West Santa Fe Trail - a trail that extends from Missouri to New Mexico; an important route for settlers moving west in the 19th century ." Before joining AmNet, Eampietro was National Production Manager for RBC RBC red blood cell. RBC or rbc abbr. red blood cell RBC, n See red blood cell count. RBC red blood cells; red blood (cell) count (see blood count). Mortgage, one of the companies under the RBC Financial Group. At RBC Mortgage, he led seven regions throughout the United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. , including both retail and wholesale channels. Previously, Eampietro was Executive Vice President and National Production Manager at First Nationwide Mortgage where he was responsible for all production and operations. He was also a Vice President of CitiMortgage, the mortgage banking subsidiary of Citigroup. There, he led their California Retail Division consisting of twenty branches. Eampietro has a BA degree in Business Administration from the University of Arizona (body, education) University of Arizona - The University was founded in 1885 as a Land Grant institution with a three-fold mission of teaching, research and public service. in Tucson, Arizona Tucson (pronounced /ˈtusɑn/, Spanish: Tucsón [tuk'son] and completed two years of graduate studies at Pepperdine University in Malibu, California. About American Mortgage Network Headquartered in San Diego, California “San Diego” redirects here. For other uses, see San Diego (disambiguation). San Diego is a coastal Southern California city located in the southwestern corner of the continental United States. As of 2006, the city has a population of 1,256,951. , AmNet is a wholly owned subsidiary of American Residential Investment Trust, Inc. AmNet originates loans for the national mortgage broker community through its network of branches and business-to-business over the Internet. AmNet has loan production offices in Arizona, California, Colorado, Connecticut, Florida, Georgia, Illinois, Minnesota, New Jersey; North Carolina North Carolina, state in the SE United States. It is bordered by the Atlantic Ocean (E), South Carolina and Georgia (S), Tennessee (W), and Virginia (N). Facts and Figures Area, 52,586 sq mi (136,198 sq km). Pop. , Oregon, Rhode Island Rhode Island, island, United States Rhode Island, island, 15 mi (24 km) long and 5 mi (8 km) wide, S R.I., at the entrance to Narragansett Bay. It is the largest island in the state, with steep cliffs and excellent beaches. , Texas, Virginia, and Washington. AmNet is approved to do business in 47 states and the District of Columbia District of Columbia, federal district (2000 pop. 572,059, a 5.7% decrease in population since the 1990 census), 69 sq mi (179 sq km), on the east bank of the Potomac River, coextensive with the city of Washington, D.C. (the capital of the United States). either by license or exemption. AmNet has more than 3,300 broker customers across the nation. For more information, please visit www.amnetmortgage.com. About American Residential Investment Trust American Residential Investment Trust, Inc. is the parent company of American Mortgage Network. For more information, please visit www.amerreit.com. Forward Looking Statements Certain matters discussed in this press release may constitute forward-looking statements within the meaning of federal securities laws. Forward-looking statements include statements regarding the growth of AmNet's presence in the wholesale channel and an increase in market share in the Western United States. Actual results and the timing of certain events could differ materially from those projected in or contemplated by these forward-looking statements due to a number of factors, including but not limited to: the level of interest rates generally, economic conditions generally; home purchase demand; the size of the residential mortgage market; uncertainty as to the percentage of the pipeline that will result in mortgage loan fundings; the ability to recruit account executives; the ability to recruit other key personnel necessary to establish new branches; the availability of financing for the funding of mortgage loans; the Company's liquidity position; and other risk factors outlined in American Residential's SEC reports. Eampietro photo available by contacting Forti Communications, Inc. at (805) 498-0113 or forticomm@aol.com. |
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