AAXA Mortgage Enters Into Agreement with Federally Chartered Bank

PR Log (Press Release) – Oct 06, 2009 – AAXA Mortgage, LLC, headquartered in Wilmington, NC, with regional offices in Frisco, TX, has entered into an agreement with a federally chartered national bank, FNBK, headquartered in Kinmundy, IL. Under the agreement AAXA is a direct subsidiary of FNBK and will expand its mortgage lending operations under the bank to better serve customers in all 50 states.

Greg Gianoplus, AAXA CEO, said, "It's an honor to align with a conservative 108 year old national bank and this alliance will open possibilities for success that would not otherwise be available in the current regulatory environment under the existing multi-state mortgage broker platform." AAXA currently has several hundred mortgage loan applications in process and employs nearly 100 individuals. As a subsidiary of a federally chartered bank, AAXA will double its current footprint and is positioned for rapid growth in the national marketplace.

AAXA's three principal business channels include a national mortgage call center, traditional retail offices that serve southeastern North Carolina and the Dallas-Fort Worth Metroplex, and a newly established reverse mortgage channel serving seniors. A fourth commercial lending channel is in development and an affiliated insurance agency, Insurance Capital Group, is currently writing policies in six states with plans for national expansion in lock step with the expanding mortgage operations.

About AAXA Mortgage:
AAXA Mortgage, LLC has been offering its clients some of the best mortgage rates and lowest closing costs in the Nation since 2000. AAXA uses state-of-the-art technology to simplify the lending process and drive down the cost of home financing. The company works with some of the country's largest and most progressive wholesale lending institutions to ensure that its customers have access to some of the most competitive pricing and programs in the marketplace.

For more information about AAXA Mortgage, visit www.ForTheBestRate.com