ABN Amro Originates $119B in '02

ABN Amro Mortgage Group Inc., Ann Arbor, Mich., has reported its 2002 production totaled a record-breaking $119 billion, a 44% increase over its origination volume in 2001.AAMG's production totaled $40.95 billion in the fourth quarter. Executive vice president William A. Newman credited the company’s OneFee offering with generating significant consumer interest and helping to drive its consumer-lending divisions to unprecedented production gains. AAMG's National Lending Center was the company’s fastest-growing channel, with production at $7.4 billion. Since OneFee was introduced through Mortgage.com, production through the site has increased more than 7,000%, Mr. Newman added. The company's website address is http://www.abnamro.com.

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