David Wallace, EVP and CFO, built AmNet along with his co-founder from the ground up. Today, Wallace is responsible for finance and accounting teams in the execution of strategic goals as well as the day-to-day operations of managing the company’s financial planning, treasury, accounting, risk management and financial reporting.
He established finance and administrative functions and is responsible for moving the company from a non-delegated to a delegated lending process. From 2020 to 2021, the company’s revenues grew over 47%.
Wallace began a hedging function at AmNet to improve everyday execution and increase revenue margins. The value of AmNet’s de novo business structure is the ability to create an organization that is unencumbered by old ways of doing business and helps foster a culture completely focused on clients and employees. As a result, volume has increased and the workforce has expanded to more than 120 professionals.
Name:
David Wallace
Title:
CFO/EVP
Company Name:
American Mortgage Network
