SOURCE: Agire Mortgage Corporation

August 04, 2008 06:00 ET

Agire Mortgage Corporation Expands Board of Directors, Introduces "EdgeMAC" Solutions

ORANGE, CA--(Marketwire - August 4, 2008) - Agire Mortgage Corporation, a full service mortgage advisory and solution provider, today announces expansion of their board of directors as well as the re-branding of their advisory services platform to Edge Mortgage Advisory Corporation (EdgeMAC).

Ron D'Vari, the Chief Executive Officer of NewOak Capital, a Financial Advisory and Asset Management firm, joins as Chairman of the Board. D'Vari presently serves on the Advisory Boards of the American Securitization Forum and the Fixed-Income Forum. Previously he was Managing Director, Head of Structured Finance, at BlackRock and on the board of Boston Securities Analyst Society (BSAS). D'Vari also taught as an adjunct professor and developed financial engineering curricula at Brandeis and Boston University.

David Friedson joins Agire as Director. Mr. Friedson is a Director of the Radiation and Public Health Project and the former Chairman of the Board of the NYSE company Applica Inc. In addition to his role as Chairman, Mr. Friedson also served as Applica's CEO and President.

"Mr. D'Vari brings years of leadership and industry expertise to our board, as well as keen strategy and vision. Mr. Friedson brings well tested organizational management skills and experience to support our exponential growth to meet industry's challenges," says Robin Cook-Auerbach, Agire's Founder, CEO and Co-President.

According to Robin Cook-Auerbach, the addition to the board of directors is designed to emphasize the firm's commitment to provide critical solutions to the current national mortgage credit challenges. Re-branding of our advisory and solutions group as EdgeMAC is to highlight our belief that these services give our clients "the edge" they are looking for to make better informed decisions via a higher level of quality of data and analysis. The full re-branding of the Advisory and Solutions group as EdgeMAC will occur in the next few months.

About Agire

Agire Mortgage Corporation and its advisory division, EdgeMAC are a loan origination and mortgage advisory platform. Launched in October 2006, Agire re-positioned itself as a retail originator and comprehensive solutions provider to the mortgage industry leveraging their credit risk, capital markets and origination/loss mitigation expertise in late 2007. Agire is located in Orange, CA.

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