Bexil Corporation Announces the Launch of AmnetCastle Express
Giving Wholesale Mortgage Brokers Unparalleled Control Over Their Pipeline
NEW YORK--(BUSINESS WIRE)-- Bexil Corporation (BXLC) announced today that its subsidiaries Bexil American Mortgage Inc., through its wholesale division American Mortgage Network, and Castle Mortgage Corporation have officially launched AmnetCastle Express, (www.AmnetCastleExpress.com). AmnetCastle Express is designed specifically to provide wholesale mortgage brokers unparalleled access and control over their pipeline.
George C. Hawkins, III, Chief Executive Officer of Bexil American Mortgage Inc. and Castle Mortgage Corporation, said "AmnetCastle Express supports independent brokers wherever they do business, allowing them to access their pipeline and get quick prices from mobile devices such as tablets and mobile phones and to give each broker's processor instant, real time access to the broker's pipeline and dedicated underwriting team in order to close loans quickly."
Mr. Hawkins noted "AmnetCastle Express offers wholesale mortgage brokers the latest technology on a single, nationwide platform giving them the ability to price loans on the go, submit and clear conditions, and add notes to the loan file, all from one portal, accessible from any internet browser, on any device with an internet connection. Backed up with our leading products and pricing and outstanding personal service, we expect that this new technology will be very well received in today's competitive environment."
AmnetCastle Express is now being offered exclusively to selected brokers on a limited rollout. Go to www.AmnetCastleExpress.com to learn more.
Thomas B. Winmill, President and CEO of Bexil Corporation said "Having acquired Castle Mortgage Corporation in December 2012, Bexil American Mortgage is now combining the best of both companies on one platform. It's a wonderful moment in our company's evolution because AmnetCastle Express gives our customers, wholesale mortgage brokers, a significant competitive advantage. We couldn't be more proud of our team of professionals in San Diego and Birmingham."
About Bexil American Mortgage Inc., American Mortgage Network, and Castle Mortgage Corporation
Bexil American Mortgage Inc., through its wholesale division American Mortgage Network, and Castle Mortgage Corporation, are engaged in originating, pooling, securitizing, and servicing residential mortgages, with licenses in over 24 states. As a seller and servicer with Fannie Mae, Freddie Mac, and Ginnie Mae, Castle Mortgage is also servicing loans in 14 states, including California and Washington. Our executive team has over 200 years of experience in all phases of mortgage banking. With the launch of AmnetCastle Express, the combined company is now positioned to continue its nationwide expansion. For more information, please visit www.AmnetCastleExpress.com.
About Bexil Corporation
Bexil Corporation is a holding company engaged through subsidiaries in investment management, securities trading, and mortgage banking. To learn more about Bexil, including Rule 15c2-11 information, please visit www.Bexil.com.
Safe Harbor Note
This release contains certain "forward looking statements" made pursuant to the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995. These statements involve known and unknown risks, uncertainties and other factors, many of which are beyond the control of Bexil Corporation, which may cause the company's actual results to be materially different from those expressed or implied by such statements. The forward looking statements made herein are only made as of the date of this release, and the company undertakes no obligation to publicly update such forward looking statements to reflect subsequent events or circumstances.
Corinne Forti, 1-805-368-8665
Bexil American Mortgage Inc.
Castle Mortgage Corporation
Dave Wallace, 1-858-914-4840
Executive Vice President and CFO
Thomas B. Winmill, 1-212-785-0900, ext. 222
KEYWORDS: United States North America New York
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