AmNet On The Hunt For LOs, Processors In Key Areas

American Mortgage Network is on the hunt for loan officers and processors in key U.S. geographic areas.

The mortgage banker has hired three new recruiting executives– TraVaughn Paschal, George DeMare, and Rick Humphery– to lead the initiative.

“With so many mortgage lenders forced to adjust their workforces or shut down completely, many talented loan officers and processors are out of work. These professionals are excited by the challenge and opportunity of joining an employee-owned company that is expanding its footprint throughout the United States,” noted AmNet President and CEO Joseph S. Restivo.

The announcement comes on the heels of another major mortgage banker layoff at Wells Fargo.

Hundreds of employees were affected, including some top originators who had just returned from a California retreat intended to reward them for their successes.

Virtually every mortgage lender has made cuts in the last year, with some of the biggest coming from major players like loanDepot, Mr. Cooper, Wells Fargo, and JP Morgan.

To date, more than 68,000 mortgage-related jobs have been lost since January 2022.

The new execs will handle specific geographic areas.

Paschal, who has managed mortgage loan origination teams for companies such as WeMortgage and Amerisave, will oversee the West Coast. DeMare, a Business Development Executive with a proven track record of developing talent, will work in the Midwest region, while Humphery will bring his two decades of mortgage industry experience to the Southern region, including Florida.

“The first quality I look for is a go-getter, a hunter who is also a team player,” Humphrey said.

“AmNet has a great culture and group of team players who are all eager to take the company to the next level. The ideal candidates are those who are coachable but also willing to coach others. We want and love innovative people and those who come in with ideas that can help individuals and the company to grow.”

AmNet is a 100% employee-owned company originating primary residential mortgages, along with a full suite of purchase and refinancing products. The company operates in 36 states.

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