Press Releases

Press Releases

American Mortgage Network, an ESOP, Establishes Operations Center in Phoenix

– November 18, 2020

Phoenix, AZ. November 18 – American Mortgage Network (AmNet), a 100% Employee Owned Company, announced today that it has chosen Phoenix for its new operations center. The mortgage company, founded in late 2019, serves home buyers and brokers. The company is growing rapidly despite the pandemic.
Phoenix employees are working from home throughout the COVID pandemic without interruption, processing and closing home loans. The company’s proprietary technology gives it employees the freedom to work from anywhere.
Unlike many other mortgage companies, AmNet has created a flat organization with little or no bureaucracy. All employees are owners and know they have the power to act decisively. The result has helped speed decision-making. AmNet keeps costs to a minimum with no fancy offices, consultants, recruiters, or excess management. Digital processes streamline operational costs to further reduce expenses.
“Phoenix has a great talent pool for mortgage professionals” noted Joseph S. Restivo, President and CEO. “We are continuing to grow our business here and are actively recruiting all processing, closing and underwriting positions in Arizona. We now have 27 people working in the Phoenix area.” American Mortgage Network is the only Employee-Owned (ESOP) mortgage banking company with a regional center in Phoenix. There are two ESOP companies headquartered in Arizona and 32 firms with offices in the state.
The address of the center is: 1825 E Northern Ave, Suite 275, Phoenix, AZ 8502. For employment opportunities, please visit Careers

American Mortgage Network and Active Duty Passive Income Join Forces To Support Veterans

– August 5, 2020

SAN DIEGO, Aug. 05, 2020 (GLOBE NEWSWIRE) — Mortgage banker American Mortgage Network (AmNet), an employee-owned company (ESOP), has teamed up with Active Duty Passive Income (ADPI), an organization dedicated to helping those who have served in the military, both past and present. ADPI professionals have joined AmNet as employee owners. Read more

American Mortgage Network’s President and CEO Joseph Restivo Named HousingWire Rising Star.

– June 10, 2020

CHULA VISTA, CALIF. (PRWEB) JUNE 10, 2020 Joseph Restivo tackled existing problems within the traditional mortgage industry and came up with fresh solutions–the result is the establishment of the new American Mortgage Network as a 100% employee-owned company (ESOP)… Read more

AmNet National Mortgage News

– November 13, 2019

The American Mortgage Network name is being revived again, this time for a de novo company that will be 100% employee owned. The original company was founded by John Robbins and sold to Wachovia in 2005. Then in 2011, Bexil American Mortgage was started by Robbins and others; …. Read more

Startup Mortgage Company American Mortgage Network Forms a 100% Employee Owned Company (ESOP)

– November 13, 2019

CHULA VISTA, Calif. (PRWEB) November 13, 2019 — American Mortgage Network (AmNet) announced today that a new mortgage company, serving home buyers and brokers, is being formed as a 100% Employee Owned Company (ESOP). An ESOP is an employee benefit plan and trust which owns shares of stock in the operating company… Read more

Markets Insider

– November 11, 2019

CHULA VISTA, Calif., Nov. 13, 2019 /PRNewswire-PRWeb/ — American Mortgage Network (AmNet) announced today that a new mortgage company, serving home buyers and brokers, is being formed as a 100% Employee Owned Company (ESOP). An ESOP is an employee benefit plan and trust which owns shares of stock in the operating company… Read more