Kevin C. Lane named President of Network Mortgage Services; James R. Blodgett Retains Role as Chairman and Chief Executive Officer

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Network Mortgage Services today announced that Kevin C. Lane has been named President of the company. Current President, James R. Blodgett, retains the roles of Chairman and Chief Executive Officer of the company.

Kevin has been instrumental in helping shape the strategic direction of Network Mortgage and has been a driving force behind many of our most significant accomplishments, including the ongoing transformation of our retail lending channel into one of the most competitive in the region

Network Mortgage Services (http://www.networkhomeloans.com) today announced that Kevin C. Lane has been named President of the company. Current President, James R. Blodgett, retains the roles of Chairman and Chief Executive Officer of the company.

"Kevin has been instrumental in helping shape the strategic direction of Network Mortgage and has been a driving force behind many of our most significant accomplishments, including the ongoing transformation of our retail lending channel into one of the most competitive in the region," said Mr. Blodgett, who founded the company in 1987. "Kevin has a keen understanding of our industry and this company. I have every confidence that he is the right person to help lead this company going forward."

"We believe our business model is the best in the business and that continues to play out in the current market environment. While other firms have been folding or contracting, we've expanded and we're positioned to overcome the challenges that our industry currently faces," said Mr. Blodgett. "We have the right strategy and the right people to prosper in today's market and beyond."

Lane joined Network Mortgage in October 1996 as a retail loan officer and was named Vice President and Branch Manager in November 2000. His responsibilities later expanded to include all retail lending as well as the company's wholesale and correspondent lending channels. He was named Executive Vice President of the company in November 2004.

"I am honored and humbled to be chosen for this position. I've said it before and I'll continue to say that our team does an outstanding job and they deserve the credit for our continued success," said Lane. "Our people are some of the best this industry has to offer and it shows. Our sales force produces quality loans and our support staff delivers time and time again."

Lane is a lifelong Washington resident and currently resides in Bothell with his wife and son. He began his mortgage career as an assistant loan processor with Lane Mortgage Company, which was owned and managed by his uncle, Robert Lane.

About Network Mortgage Services
Network Mortgage, founded in 1987, is privately held, and is one of the few independently owned mortgage bankers in the Seattle area. The company originates loans in seven states through both a retail branch network and a wholesale lending channel and maintains approvals from HUD, VA, multiple institutional investors and the Federal Home Loan Mortgage Corporation (Freddie Mac).

Patricia Cain
Network Mortgage Services, Inc.
19101 36th Avenue West, Suite 103
Lynnwood, WA 98036
Telephone: 425-672-2810
Fax: 425-771-4656
http://www.networkhomeloans.com

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