As part of ongoing efforts to better serve customers and improve operating efficiencies, Washington Mutual is aligning its prime mortgage lending operations, Long Beach Mortgage and Mortgage Banker Finance under one management team. www.wamuloans.com/julie.gavis.

(PRWEB) January 17, 2006 -- Washington Mutual is aligning its prime mortgage lending operations, Long Beach Mortgage and Mortgage Banker Finance under one management team. www.wamuloans.com/julie.gavis

As part of ongoing efforts to better serve customers and improve operating efficiencies, Washington Mutual is aligning its prime mortgage lending operations, Long Beach Mortgage and Mortgage Banker Finance under one management team.

The realignment is designed to deliver a superior customer service experience across all single family residential mortgage lending products and delivery channels, create a unified lending strategy to better leverage WAMU’s distribution points, and streamline and simplify operations.

Steve Rotella, WAMU’s president and chief operating officer, said the realignment of all single family residential lending under common leadership positions the company to fully leverage resources to better serve customers and shareholders. At the same time, he said that WAMU has a strong and experienced leadership team that recognizes and will maintain the unique characteristics of the sub-prime business.

Under the new structure, management responsibility for Long Beach and Mortgage Banker Finance will move from the Commercial Group to David Schneider, president of the Home Loans Group. Al Brooks, senior vice president of commercial production, has been named to head the balance of the Commercial Group businesses. Brooks has been a driving force behind the success of the Commercial Group since joining the company in November 1998.

These changes in organizational alignment will allow for a greatly expanded product lines and inclusive underwriting guidelines for loan consultants at WAMU’s Home Loan Centers. WAMU has been a leader in the Prime lending market with innovative portfolio products as well as traditional conforming products. WAMU lending consultants have been brought up to speed on its expanded offerings and are now ready to address customer needs who traditionally could not be served by WAMU product line.

For more information on WAMU products contact:

1-888-697-7610
www.wamuloans.com/julie.gavis





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