American Residential Funding Expands MB Division

American Residential Funding Expands MB Divis

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American Residential Funding Expands MB Division

American Residential Funding, Inc., "AMRES" (ARFG.PK) (www.amres.net), the rapidly growing mortgage banking and brokerage firm with 70 branch offices nationwide, is expanding its high margin AMRES Mortgage Banking division by increasing its product offerings, adding qualified staff and appointing an experienced senior executive to manage its business unit.

"We are accelerating our transition to more profitable mortgage banking from principally mortgage brokerage," said Vince Rinehart, American Residential Fundings' president and CEO, "because the average revenue of $2,500 from a mortgage banking loan is significantly higher than $450 from a brokerage loan. It makes extremely good business sense to fund the mortgages at AMRES, rather than send them out to another company. This will help us reach the next business plateau in both growth and profitability."

"With the addition of a full array of mortgage products from Impact Funding that includes loan programs with 100% home financing and self employed income," continued Mr. Rinehart, "AMRES is anticipating to grow to $350,000,000 annualized fundings' by year's end. In addition, AMRES has begun wholesale lending, funding loans originated by other loan brokerage firms. Couple this rapid growth in volume with the higher profit margins of mortgage banking, we are looking forward to a year of virtually explosive, but managed growth."

Max Rodriquez has joined AMRES Mortgage Banking as Director and Vice President to head the division. Prior to this, Mr. Rodriquez, who has 25 years of experience in various aspects of residential lending, was Senior Vice President/Chief Credit Officer of a major mortgage-banking firm where he increased production from $180,000,000 to $900,000,000 in just four years.

About American Residential Funding:

American Residential Funding, Inc. (OTCPK:ARFG) is a dynamic and rapidly growing mortgage banking and brokerage firm, with 70 offices in 25 states and annual loan originations in excess of $1.4 billion. In addition to its retail brokerage operations, ARFG also consists of higher margin mortgage banking business, which is projected to contribute larger market share and higher profit margins in the future. With organic growth and potential expansion through acquisition, AMRES expects to emerge as an increasingly significant player in the $2.5 trillion mortgage finance market.

Forward-Looking Statements:

This press release contains certain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 regarding future results of operations and market opportunities that are based on American Residential Funding's (ARFG) current expectations, assumptions, estimates and projections about the Company and its industry. Investors are cautioned that actual results could differ materially from those anticipated by the forward-looking statements as a result of risks, competition and other factors. These factors, along with other potential risks and uncertainties are discussed in ARFG 's reports, as well as the reports of Anza Capital, Inc., and other documents filed with the Securities and Exchange Commission. ARFG assumes no obligation to update the forward-looking information contained in this news release and encourages all potential investors to do their own due diligence and suitability analysis before any investment is made.

Source: 02/16/2005 MMag 502_016
Company: American Residential Funding, Inc.
Contact: Vincent Rinehart , vince@amres.net , Phone: 714-866-2100

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