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AMNet (American Mortgage Network)

American Mortgage Network (AMNet) is a nationwide wholesale mortgage bank and a wholly owned subsidiary of Wachovia Bank. Headquarters are in San Diego, CA. AMNet has several key strategies for success. They measure success "by the way we do business". AMNet’s strategies for success offers their brokers huge benefits. Their strategies for success are:

• One Source – AMNet provides what they call a "one stop shop" that allows for a vast range of products, competitive pricing, superb technology, exceptional customer service and an established local presence.
• One Team – AMNet streamlines the number of channels a broker would have to go through to get a loan approval. Versus going through a multitude of organizations, AMNet provides an actual professional team to handle all the details of a borrower’s financing requirements.
• One Success – AMNet calls this a "win-win situation" as their dedicated team provides brokers with services that enhance their efficiency while attracting customers.
• Superior Customer Service
• History of Performance
• Competitive Pricing
• Broad Portfolio of Products
• Quality Underwriting
• Regional Presence
• Customer-Focused Technology
• Quality Talent
  
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Loans Funded by AMNet

AMNet underwrites and funds a VAST array of loan programs – this is accomplished via a network of regional centers in established key channels/markets. AMNet then sells the loans on a servicing-release basis to institutional purchasers. At one time, AMNet had a division devoted to subprime lending but discontinued that division as of January, 2006. The discontinuation was due to profit decrease.  Other loans that are also funded by AMNet include:P

• Flexible 97 and Flexible 100, Fixed Rate 80/20

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Special Non-Conforming Products
• PaySelect ARM, Pro X, Jumbo Gold, Power Plus, Super Jumbo ARM

Other Loan Programs
• Simultaneous 2nds, Choice HELOC, Piggyback Second Mortgages, FHA & VA Loans with Fixed & ARM

Recent AMNet News

• In a Press Release dated February 28, 2006, AMNet funds $14.9 billion of mortgages in 2005, a 65% increase over the prior year.
• In a Press Release dated December 12, 2005, Wachovia completes acquisition of AMNet Mortgage
• AMNet ranks in the top 20 of America’s wholesale mortgage banks and ALT-A lenders. They are also one of America’s largest sellers of mortgage loan servicing.

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California Mortgage Loans is not directly affiliated with any mortgage broker or lender and cannot make any guarantee as to the lender affiliation of any broker or agent which contacts you. Company information on our site is for informational purposes only.