AAMG's Top Performing Division, InterFirst, Reports
2005 Production Totaling $40.2 Billion
ANN ARBOR, Mich., Feb. 6 /PRNewswire/ -- ABN AMRO Mortgage Group, Inc.
(AAMG), one of the nation's largest mortgage lenders, reports its 2005
production totaled $53.4 billion, with more than 313,000 loans funded. AAMG's
fourth quarter 2005 production totaled $10.9 billion.
"Over the course of 2005, the company implemented a focused, strategic
approach that has resulted in increased market share as well as improving
customer service quality, profitability and compliance," said Thomas M.
Goldstein, chairman and chief executive officer. "Throughout the past year,
the company implemented corporate initiatives designed to support and
encourage best practices and organizational excellence. These efforts
resulted in AAMG's recognition as ranking highest in customer sales
satisfaction, according to the J.D. Power and Associates 2005 Primary Mortgage
Origination Study(SM)."
"In 2006, AAMG will continue to make sustainable growth its priority,"
Goldstein added. "We believe the right combination of products, services and
people provide the catalyst for the company's market leadership."
2005 YEAR-END PRODUCTION TOTALS
Channel 2005 2004 % Change
InterFirst Wholesale Lending $40.2 billion $39.6 billion 2%
National Lending Center $2.9 billion $5.4 billion -46%
LaSalle Bank Midwest* $9.9 billion $11.1 billion -11%
& LaSalle Bank Loan
Origination Channels
Financial Institutions $377 million $427 million -12%
Group
TOTAL $53.4 billion $56.5 billion -6%
* Includes second mortgage production (both closed-end mortgages and lines
of credit) originated through LaSalle Bank and LaSalle Bank Midwest. These
loans are closed in the name of the individual bank entity.
About ABN AMRO Mortgage Group, Inc.
ABN AMRO Mortgage Group is one of the largest loan originators and loan
servicers in the United States. It produces mortgage loans and provides
related services through its various divisions, including InterFirst Wholesale
Mortgage Lending, mortgage.com and AMCAP. ABN AMRO Mortgage Group also
originates mortgage loans generated through its LaSalle Bank and LaSalle Bank
Midwest bank branches. Headquartered in Ann Arbor, Michigan, ABN AMRO
Mortgage Group has approximately 3,000 employees located throughout the United
States.
About ABN AMRO N.V.
Netherlands-based ABN AMRO is a leading international bank with total
assets of EUR 899.3 bln (as of September 30, 2005). It has over 3,000
branches in more than 60 countries and territories, and has a staff of over
98,000 full-time equivalents worldwide. ABN AMRO is listed on the Euronext
and New York stock exchanges.
SOURCE ABN AMRO Mortgage Group, Inc.
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Related links:
http://www.abnamro.com
CONTACT:
Jennifer Cornell of Eiler Communications,
+1-734-761-3399 or Jenn@EilerPR.com , for ABN AMRO Mortgage
Group, Inc.
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