Market Overview

American Mortgage Consultants, Inc. Acquires Personnel and Office Locations from The Barrent Group


Transaction establishes new production office in Iowa, further
enhancing AMC's client service capabilities

American Mortgage Consultants, Inc. ("AMC") today announced the
acquisition of certain personnel and the operations center of Des
Moines, Iowa-based The Barrent Group ("TBG"). This strategic transaction
will establish a market presence for AMC in the Midwest and adds more
than 50 residential mortgage professionals to its platform, further
enhancing the firm's client service capabilities.

AMC plans to hire up to 150 additional mortgage professionals within the
next year to join its new office in Des Moines. These individuals will
support a variety of roles including securitization underwriting for
loan types including Non-Qualified Mortgages, Jumbo, Agency High
Balance, Single Family Rental, Fix-and-Flip, and Small Balance
Commercial Real Estate. The office will also add to AMC's capacity for
the review of seasoned reperforming, non-performing, and performing

"We have been targeting ways to expand our industry-leading capacity and
capabilities when the opportunity to add Rich Barrent and the
outstanding mortgage professionals at TBG presented itself," said AMC's
CEO Michael Franco. "This acquisition advances our strategic growth
priorities and allows us to establish a foothold in the Midwest. Our
clients should view this transaction, the planned hiring initiative for
our new Des Moines office and our continued technological innovations as
a reinforcement of our commitment to be a strategic partner in their
respective businesses."

"The transaction with AMC was a good fit for TBG as it will allow us to
fulfill existing client commitments while also giving our employees the
opportunity to join the leading provider of due diligence and other
services to the residential mortgage industry," said Richard Barrent,
President of TBG.

About American Mortgage Consultants, Inc.

AMC, founded in 1996, is a leading nationwide residential and consumer
loan due diligence, quality control, securitization review, MSR review,
advance assessment, servicing oversight, technology, and consulting
services provider. AMC's market-leading team of mortgage professionals
provide customizable solutions to financial institutions nationwide. For
more information, please go to

About The Barrent Group, Inc.

TBG, founded in 2008 by Richard Barrent, is a leading provider of
residential mortgage forensic loan file review services for a variety of
constituents throughout the residential mortgage market with
headquarters in Des Moines, Iowa.

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