HOUSTON, Feb. 8, 2005 (PRIMEZONE) -- Allied Home Mortgage Capital Corporation, the nation's largest mortgage broker, has added Mike Elam, a former Mortgage Select / American Home executive, to their leadership as Senior Vice President. Mr. Elam comes to Allied with 19 years of progressive experience within the Banking and Finance Industry, as well as a BA in History/Finance from Emory University and a MBA in Finance from Duke University.
Most recently, Mr. Elam served as Vice President of Mortgage Select/American Home, where he was responsible for 17 district managers, which generated over $5.5 billion in originated loans in 2003. Prior to working with Mortgage Select, he was with LendingTree.com and held various positions with GE.
Mr. Elam's first set of initiatives at the company include: establishing lead services and generation of leads for Allied's branches, implementing Mortgage Fusion, improving new technology and solving issues related to that department, improving LoanEZ, evaluating and improving processes, and completing an evaluation of national mail houses for large scale branch campaigns.
About Allied:
Founded in 1991, AHMCC is the largest privately held mortgage banker/broker in the U.S., with more than 650 offices in 48 states, Guam and the Virgin Islands. It offers a wide variety of mortgage products and services from over 800 lenders.
In 2003 the company funded over $15 billion in loans and was named as one of "The Top 25 Tech-Savvy Lending Firms" by Mortgage Technology magazine - a feat they repeated in 2004.
For more information about the company, visit Allied's websites at www.branchasap.com, www.mortgageasap.com and its Spanish language site, www.prestamopronto.net.
The Allied Home Mortgage logo can be found at: http://media.primezone.com/prs/single/?pkgid=704