American Residential/American Mortgage Network Promotes Lisa S. Faulk to Executive Vice President, Operations.Business Editors/Real Estate Writers SAN DIEGO--(BUSINESS WIRE)--April 15, 2002 American Residential Investment Trust, Inc. (NYSE NYSE See: New York Stock Exchange : INV INV abbr. in vitro fertilization ) and its mortgage banking subsidiary, American Mortgage Network (AmNet), announced today the promotion of Lisa S. Faulk to Executive Vice President, Operations. Ms. Faulk is responsible for all of the Company's credit policy and risk management activities. These include quality assurance, compliance, licensing, broker administration and post-closing operations. Before her promotion, Ms. Faulk was Senior Vice President, Operations. Prior to joining the Company in 1997, Ms. Faulk served as Vice President, Conduit-Operations for Advanta Mortgage Corporation where she managed the Conduit Division's underwriting, funding and processing functions in the subprime credit markets. Previously, she was Vice President, Credit Risk Review for HomeFed Bank, Federal Savings Bank Noun 1. federal savings bank - a federally chartered savings bank FSB savings bank - a thrift institution in the northeastern United States; since deregulation in the 1980s they offer services competitive with many commercial banks , and Manager at General Electric Capital Corporation. In commenting on the appointment, John M. Robbins, Jr., Chairman and Chief Executive Officer of the Company, said, "Lisa's understanding of a broad spectrum of mortgage operations is essential as we ramp up our nationwide network of regional centers. Her deep industry experience is pivotal in building a solid foundation for AmNet." Ms. Faulk is a member of the Board of All Souls Episcopal Church. She is active supporter of the San Diego Museum of Art The San Diego Museum of Art opened as the Museum of Fine Arts on February 28, 1926. The funders turned over ownership of the building to the City of San Diego. It is located in Balboa Park. The museum building was designed by architect William Templeton Johnson. and MADCAPS (Mothers and Daughters Club Assisting Philanthropies). Ms. Faulk has a B.S. in Finance from Oregon State University Oregon State University, at Corvallis; land-grant and state supported; coeducational; chartered 1858 as Corvallis College, opened 1865. In 1868 it was designated Oregon's land-grant agricultural college and was taken over completely by the state in 1885. . She and her family reside in Point Loma, California. About American Residential Investment Trust 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. , American Residential Investment Trust, Inc. is a real estate investment trust (REIT REIT See: Real Estate Investment Trust REIT See real estate investment trust (REIT). ) that has traditionally invested in subprime residential mortgage assets. For more information on American Residential, please visit www.amerreit.com. About American Mortgage Network Headquartered in San Diego, California, American Mortgage Network (AmNet) is a taxable REIT subsidiary of American Residential Investment Trust, Inc. AmNet originates loans for the national mortgage broker community through its network of regional centers. For more information on AmNet, please visit www.amnetmortgage.com. |
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