AmNet Launches Correspondent Channel

AmNet Mortgage Inc., the parent company of American Mortgage Network, a San Diego-based wholesale mortgage bank, has announced the launch of AmNet's correspondent channel.The business, headquartered in Columbia, Md. (a suburb of Baltimore), will buy loans from small to midsize mortgage banks, credit unions, and community banks, AmNet Mortgage said. John M. Robbins, AmNet Mortgage's chief executive officer, said the new operation "provides access to a customer base not currently covered under traditional wholesale channels. A team of mortgage professionals -- who are highly tenured specialists in this market segment and have backgrounds in credit unions, small banks, small thrift institutions, mortgage banks, and large mortgage brokers -- have joined AmNet to begin reaching out to these new customers and building loan volume." AmNet can be found online at http://www.amnetmortgage.com.