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$24.62 Billion Q1 Production At ABN AMRO

InterFirst wholesale construction program expected to enhance 2nd quarter production

By MortgageDaily.com staff

April 23, 2002

ABN AMRO Mortgage Group's first quarter production was $24.62 billion, an 83% increase from the first quarter of last year, according to an announcement this week from the company. For the month of March, the group's production was $8.74 billion, up 10% from February and 51% higher than March last year.

ABN AMRO, an indirect subsidiary of an Amsterdam-based bank, said its mortgage.com consumer portal continued to drive significant production gains for its National Lending Center unit, which had a 560% increase from the same period last year.

The company said it expects strong production through the end of the second quarter to be enhanced by the "ramp up" of its InterFirst wholesale construction lending unit.

ABN AMRO reported the following production numbers for it U.S. units:

1st Quarter
  • InterFirst Wholesale Mortgage Lending
$7.33 billion
$20.57 billion
  • AAMG National Lending Center
$0.54 billion
$1.67 billion
  • LaSalle Home Mortgage, ABN AMRO Mortgage (consumer direct)
$0.24 billion
$0.75 billion
$0.46 billion
$1.15 billion
  • ABN AMRO Apartment Lending
$0.19 billion
$0.47 billion

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