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Mortgage Insurance Industry Executive Wade Hamby Joins AboutYourMortgage dot com

Taking AYM at the Mortgage Morass

In 2008, Wade Hamby entered the perfect storm and came out with the perfect solution at AboutYourMortgage.com (AYM) ">. As vice president and division manager of Triad Guaranty Insurance Corporation, a publicly traded mortgage insurance firm, Hamby saw first-hand the rapid growth of Florida's housing market, and he was at a focal point of the U.S. housing market when it collapsed.

Hamby's company ceased writing new business and his job disappeared, but his commitment to helping his clients was still intact. He encouraged many of them, like millions of other Americans facing a temporary setback, to try to renegotiate their mortgages. The challenge was the sheer volume of calls that millions making to their mortgage companies to seek relief. Combined with a lack of consumer understanding on options, the undertaking was overwhelming on both sides of the equation.

The frustration sparked inspiration which translated into a consumer-focused Web site to provide education and much needed communication between mortgage servicers and their clients, AboutYourMortgage.com. AboutYourMortage.com provides consumers free priority access to mortgage loan servicers participating in its Preferred Servicer Program.

AboutYourMortgage.com is the brain-child of Chairman of the Board Tim D. Allen, a Certified Mortgage Banker, who saw the need for a more transparent environment back in 2000. With more than two decades of mortgage industry experience, Allen saw an ominous trend but responded with a simple solution: developing a conduit to bridge mortgage servicers, homeowners and the many ways they can access their mortgage companies. To help his concept achieve reality in the marketplace, Allen reached out to fellow Floridian and colleague Wade Hamby to become president and CEO of AboutYourMortgage.com.

Hamby brings more than 25 years of senior level sales and marketing experience in the mortgage banking industry to AboutYourMortgage.com. He is a former officer and member of the Board of Governors of the Mortgage Bankers Association of Florida, winning its prestigious President's Award and is a charter member of the Eastern Secondary Market Conference Committee. Hamby will leverage his mortgage banking expertise and his experience as a mortgage consumer to build a solid organization.

"The mortgage business model, as we know it, is broken from both sides through no fault of either side. For the housing industry to regain its strength and contribute to a healthier economy we've got to, in essence, perform a 'triage' on the mortgage industry's portfolios. We've got to accommodate the borrower who is able to pay, the borrower who is willing to pay but is currently financially challenged, and help as best we can the borrower who is willing to pay but might not be able to pay, even in the long term," notes Hamby. "AboutYourMortgage.com was created to bridge the communications gap, aligning the needs of the homebuyer with the needs of the mortgage company. As the industry recovers, AboutYourMortgage.com will be an education and communication resource for both consumers and mortgage industry professionals."

AboutYourMortgage.com LLC (AYM) is a U.S. based corporation with a U.S. Patent Pending Customer Retention Process. AYM provides homeowners free and direct priority access to Mortgage Loan Servicers who participate in its Preferred Servicers Program. For more information, visit AboutYourMortgage.com ">.

For more information, contact Michelle Cartier by e-mail at mcartier@aboutyourmortgage.com or call 727-231-4495.
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   Ms. Michelle Cartier
   VP Marketing
   AboutYourMortgage.com
   FL,    USA
   727-231-4495 (phone)
   mcartier@aboutyourmortgage.com
   www.aboutyourmortgage.com