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FT. LAUDERDALE, FL-Paul A. Byer, a principal at American Mortgage Capital Inc. here, has to be pleased right now Last year, the Florida Mortgage Brokers Association elected him Mortgage Broker of the Year and this month his net branch operation is going to continue to increase profits.
Mr. Byer started his company at the beginning of last year and he admits that it took a while for him and his partner to get the company off the ground. American Mortgage Capital didn't make a profit until December of last year but that's not to say they weren't moving swiftly in that direction.
"Our first big month was last May. It was March of `97 before we closed a loan. We closed one loan in March and three in April.And then we did a little over $6 million in May," Mr. Byer said."So we went from nothing to...