American Mortgage Network Ramps Up National Production

-- New Production Executives Join Company to Leverage Growth Opportunities in Midwest and East Coast --

SAN DIEGO--(BUSINESS WIRE)--American Mortgage Network (AmNet), the wholesale channel of Bexil American Mortgage Inc., announced the appointment of two senior production executives, Shelley Fryman and Greg Schatz. Recently, the Company announced the appointments of Danielle Royal, Debbie Hood, and Anthony Campat for the Southwest and Northwest regions of the United States. The expansion program extends the Company’s presence to the Midwest and East Coast.

“Greg and Shelley will play an essential role in our national expansion, leveraging their existing long-term relationships with key mortgage brokers by helping to build a national franchise.”

“With major banks exiting the wholesale channel, this is the perfect time for us to expand and ramp up our national presence,” noted John Robbins, CEO and President of Bexil American Mortgage. “Greg and Shelley will play an essential role in our national expansion, leveraging their existing long-term relationships with key mortgage brokers by helping to build a national franchise.”

Shelley Fryman heads up the North Central Division. She is a results-oriented mortgage industry professional with close to 30 years of experience and a solid track record of driving Midwest regional expansion. Shelley has held executive positions with large and boutique mortgage companies, banks, and financial services firms that included GMAC/Ally Financial, Plaza Home Mortgage and Webster Bank.

Greg Schatz will lead the Eastern Division. He has over 20 years of experience in sales and business development for a wide range of mortgage banking and financial services companies, including start-ups and established organizations. Greg had leadership roles at United Wholesale Mortgage, Settlement One Valuation, American Partners Bank and InterFirst/CitiMortgage.

About Bexil American Mortgage Inc. and American Mortgage Network

Headquartered in San Diego, California, Bexil American Mortgage is a new, independent mortgage banking company formed by the Robbins Group and Bexil Corporation. Its wholesale channel, American Mortgage Network, is focused on serving the specific needs of the mortgage broker community. Bexil American Mortgage is licensed in California, Colorado, District of Columbia, Georgia, Illinois, Indiana, Kansas, Maryland, Michigan, Minnesota, North Carolina, Oregon, Utah, Washington and Wisconsin. For more information, please visit www.amnetwholesale.com or www.bexilamerican.com.

About Bexil Corporation

Bexil Corporation (BXLC) is a holding company engaged through subsidiaries in investment management, securities trading, and mortgage banking. To learn more, please visit: www.bexil.com.