They are a leading U.S. residential mortgage producer and servicer focused on driving profitable growth across market environments. They were founded in 2013 and designed to optimize operational and financial excellence, instilling a business strategy and culture they refer to as the "AmeriHome Way," as detailed below. They have created a flexible and scalable platform with a modern purpose-built infrastructure, advanced data and analytics capabilities, all leveraging their management team's collective experience to achieve what they believe is a highly efficient cost structure to target profitability in all market environments. This has led to strong growth and performance, evidenced by 21 consecutive quarters of profitability while growing their production volume 187.4% from 2015 to LTM Q2 2020, positioning them as the third largest correspondent producer. Since their founding, they have grown steadily in their three different business segments: Correspondent, Consumer Direct and Servicing. They deliberately chose to enter these business segments based on a purchase origination orientation, ability to efficiently achieve scale, and the ongoing opportunities afforded by owning mortgage servicing rights all to achieve stability of earnings through varying economic cycles.
James S. Furash has served as our Chief Executive Officer since the Company's inception in 2013. Before his position at the Company, Mr. Furash was the Chief Executive Officer of Countrywide Bank from 1999 to 2006. Mr. Furash received his bachelor's degree in economics from University of Virginia and MBA at the Wharton Business School of the University of Pennsylvania. We believe Mr. Furash is qualified to serve as a member of our board of directors due to his significant business and leadership experience in the mortgage industry as well as his role as a co-founder of the Company.
Garrett Galati has served as our Chief Financial Officer since 2019 and as our Director of Finance since the Company's inception in 2013. Prior to his role at AmeriHome, Mr. Galati worked for Countrywide and Bank of America in various roles including Senior Vice President in Legacy Asset Servicing, and First Vice President in Structured Finance from 2002 to 2013. Mr. Galati received his bachelor's degree in business economics from the University of California, Santa Barbara.
Address: 1 Baxter Way Thousand Oaks, California 91362