American Home Hires Cap Commerce Crew

American Home Mortgage Inc., Melville, N.Y., has announced the hiring of approximately 325 employees who formerly worked at the now-defunct Capital Commerce Mortgage, Sacramento, Calif.The new employees, including 13 production center managers, will become the Western region of American Home's wholesale channel, which operates as American Brokers Conduit, the company said. They will operate from 15 branches, mainly in California and other Western states. Al Crisanty, who managed sales for the group at Capital Commerce (which ceased operations in August), has been named senior vice president for wholesale originations. The company said the new group is expected to add significantly to American Home's 2004 loan production, but at lower gross and net margins than its retail loan production businesses. The company can be found on the Web at http://www.americanhm.com.