Metrocities Mortgage Appoints Industry Veteran Anna M. Ruotolo as New Vice President, Northern California Region

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(Sherman Oaks, CA, September 15, 2004) - Metrocities Mortgage, LLC, a leader in the residential mortgage lending market, has appointed Anna M. Ruotolo as Vice President for the company’s Northern California region. In her new role, Ruotolo will be responsible for managing loan production efforts within the Northern California area – extending from the Central Valley to the Northern California border.

“We are very pleased to welcome Anna to Metrocities Mortgage. She has served as the President of a large mortgage company in Northern California and has a long and successful history of building first class mortgage originations operations. We look forward to seeing her utilize that expertise to help us achieve our very aggressive expansion plans for Northern California,” explained Art Ringwald, President, Loan Production, Metrocities Mortgage. “Her appointment is the latest announcement highlighting our ongoing commitment to serving the residential mortgage needs of Northern California.”

“I am honored to be joining the industry leader,” Anna added. “Metrocities has an established reputation as being the leader in Affiliated Business Arrangement/joint venture partnerships. I have an extensive background in developing these relationships and look forward to helping Metrocities utilize this tool in further strengthening its presence.”

Ruotolo comes to Metrocities with more than 20 years of experience in the mortgage industry, most recently serving as President of a Chase affiliate company: The Home Loan Group. She began her tenure with the company in 1995 when the firm was AmeriCal Funding, Inc. There, she worked her way up to President, implementing and executing the company lender/broker relationships. When Prudential Realty acquired AmeriCal in 1999, Ruotolo renamed the operation The Home Loan Group. She helped the Pleasanton company grow from six California offices to 52 facilities in three states, with $1.2 billion in annual fundings. In 2003, the firm created a joint venture partnership with Chase Venture Holdings, the largest joint venture in the nation for that financial group.

Prior to that, Ruotolo held positions as the Public Employees’ Retirement System (PERS) Manager, Cypress Financial Corporation, where she created the Loan Department, and oversaw its growth so that within two years it ranked third in California for PERS business; and she worked as Office Manager with Portola Mortgage Association, where she supervised the general operation of loan production.

Ruotolo’s community involvement includes serving on the Executive Committee of High Hopes; member of the Women’s Council of Realtors and the National and California Association of Mortgage Brokers, East Bay Chapter; and she is past President of the South Bay California Association of Residential Lenders. She has a bachelor of science degree in Business Management from San Jose State University.


About Metrocities Mortgage

Established in 1989, Metrocities Mortgage is ranked in the top 1 percent of residential mortgage lenders nationwide for closed loan volume, closing over $4.6 billion in 2003. Metrocities operates as both a mortgage banker (direct lender) and a mortgage broker. Headquartered in Sherman Oaks, California, Metrocities Mortgage has become a leading nationwide lender, based on unique loan programs and successful joint ventures (Affiliated Business Arrangements) with key real estate companies, credit unions, financial advisor/business management companies, builders and other affinity groups. Loan Officers have access to over 7,000 loan programs and proprietary search engine technology, enabling them to find the best loan products for their clients. As America's Best Relationship LenderSM, Metrocities Mortgage is renowned for its in-house lending expertise, wide selection of loan programs and Heroic Customer ServiceSM. For additional information, please call (800) 464-2484, or visit us online at www.metrocitiesmtg.com.



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Metrocities Mortgage, LLC, located at 15301 Ventura Blvd., Suite D300, Sherman Oaks, CA 91403, is a Delaware limited liability company licensed by the California Department of Corporations under CRMLA. Arizona Mortgage Banker License #BK0903027; Georgia Residential Mortgage License #16984; Illinois Residential Mortgage Licensee #6424; Kansas Supervised Loan License #2002-4365; Massachusetts Mortgage Lender/Broker License #MC2011; Mississippi Registered Mortgage Company; Licensed by the New Hampshire Banking Department; Licensed Banker-New Jersey Department of Banking and Insurance #9932415; Registered Mortgage Broker – NYS Banking Department; Ohio Mortgage Broker #MB803629; Pennsylvania Department of Banking #1740 and licensed pursuant to the Secondary Mortgage Loan Act; Rhode Island Licensed Lender #20021343LL; licensed by the Virginia State Corporation Commission as MLB-786. This is not an offer to enter into a rate lock agreement under Minnesota law. Information is subject to change without notice. This is not an offer for extension of credit or a commitment to lend.