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NORTH AMERICAN MORTGAGE COMPANY ANNOUNCES PROMOTIONS

 NORTH AMERICAN MORTGAGE COMPANY ANNOUNCES PROMOTIONS
 SANTA ROSA, Calif., Oct. 23 /PRNewswire/ -- North American Mortgage


Company (NYSE: NAC), the nation's seventh-largest originator of home loans, announced yesterday the promotion of five officers to the title of executive vice president, and eight employees to the title of senior vice president.
 "As our company continues to grow, we continue to look at ways to effectively manage that growth," said Terrance G. Hodel, president and chief operating officer of North American Mortgage Company.
 Those who were named as executive vice presidents for the publicly traded mortgage banker include: Robert Gallagher, who was additionally named chief administrative officer; Martin Hughes, who was also named chief financial officer; Robert Allen, who is in charge of overall production services for the company; Pete Bonnikson, who is responsible for advertising, product development, productivity and telemarketing; and Michael Conway, who manages loan sales.
 The eight new senior vice presidents are: Alan Avery, telemarketing; Rebecca Boyd, underwriting; Joan Evans, inventory control; Rod Hardin, information systems; D. Alan Hoff, accounting; Martha Nelson, residential production operations; Robert Rosen, servicing; and Stacey Shrock-Stevenson, human resources. They join North American Mortgage Company's four existing senior vice president who are in charge of managing the company's regional production (C. William Blomquist, mid-Atlantic; Chuck Johnson, Southwest; Abby Hedengran, Southern California; and Ken Keeler, Northern California/Hawaii).
 "I believe that the realignment of reporting responsibilities will allow us to become even more responsive to the needs of our borrowers, branch offices and secondary market investors," said Hodel.
 North American Mortgage Company is primarily engaged in the mortgage banking business and, accordingly, originates, acquires, sells and services mortgage loans that are principally first-lien mortgage loans secured by single-family residences. Headquartered in Santa Rosa, Calif., the company operated 43 origination offices located in California, Texas, Maryland, Virginia, Hawaii, Colorado, New Mexico and Utah.
 In September of this year, the company reported new single-month records for both fundings and loan applications, with $1.24 billion in loans funded and $2.07 billion in loan applications. This represented a 227 percent rise in loan funding, as compared with September, 1991, when the company originated $380 million in home loans. Loan applications for the same period increased 184 percent over September 1991, when the company generated $729 million in new applications.
 -0- 10/23/92
 /CONTACT: Robert J. Gallagher, executive vice president of North American Mortgage Company, 707-523-5055; or Andrew R. Baer or Thomas J. Davies of Kekst and Company, 212-593-2655, for North American Mortgage Company/
 (NAC) CO: North American Mortgage Company ST: California IN: FIN SU: PER


LR-SM -- NY054 -- 4250 10/23/92 14:48 EDT
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Publication:PR Newswire
Date:Oct 23, 1992
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