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SANTA ANA, CA- The head of American Home Loans here predicts that 2000 will bring consolidation to the highly competitive net branch portion of the industry.
American Home was one of the earliest companies to adopt the net branching model.
Now it is the largest independently-owned net branching company, with 300 offices in all 50 states, said Kevin O'Brien of Adwest, the firm that handles the marketing for American Home Loans.
Annual production tops the $1 billion mark.
Back in 1989, Brent McElwee, the company's founder, was a mortgage broker who was coming across licensing problems and financial issues.
He got the idea to put together a group of...