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                                                                   Exhibit 10.22


                              EMPLOYMENT AGREEMENT


      This employment agreement (the "Agreement") is effective as of January 1,
2002 (the "Effective Date"), by and between AMERICAN NATIONAL FINANCIAL, INC., a
California corporation (the "Company"), and WAYNE D. DIAZ (the "Employee"). In
consideration of the mutual covenants and agreements set forth herein, the
parties agree as follows:

      1. Employment and Duties. Subject to the terms and conditions of this
Agreement, the Company employs the Employee to serve in an executive and
managerial capacity as President of the Company, and the Employee accepts such
employment and agrees to perform such reasonable responsibilities and duties
commensurate with the aforesaid positions as set forth in the Articles of
Incorporation and the Bylaws of the Company. Any change in such titles or
delegation of duties inconsistent with such titles shall be deemed a Termination
Without Cause under Section 7(b) of this Agreement.

      2. Term. The term of this Agreement shall commence on the Effective Date
and shall continue for a period of four (4) years ending December 31, 2005,
subject to prior termination as set forth in Section 7, below (the "Term"). The
Term may be extended at any time upon mutual agreement of the parties.

      3. Salary. During the Term, the Company shall pay the Employee a minimum
base annual salary, before deducting all applicable with holdings, of $360,000
per year, payable at the times and in the manner dictated by the Company's
standard payroll policies. Such minimum base annual salary may be periodically
reviewed and increased (but not decreased) at the discretion of the Compensation
Committee of the Board of Directors to reflect, among other matters, cost of
living increases and performance results.

      4. Other Compensation and Fringe Benefits. In addition to any executive
bonus, pension, deferred compensation and stock option plans which the Company
may from time to time make available to the employee upon mutual agreement, the
Employee shall be entitled to the following:

      (a) The standard Company benefits enjoyed by the Company's other top
executives.

      (b) Payment by the Company of the Employee's initiation and membership
dues in all social and/or recreational clubs as deemed necessary and appropriate
by the Employee to maintain various business relationships on behalf of the
Company; provided, however, that the Company shall not be obligated to pay for
any of the Employee's personal purchases and expenses at such club.


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      (c) Provision by the Company during the Term and any extensions thereof to
the Employee and his dependents of medical and other insurance coverage under
the Company's Executive Medical Plan.

      (d) Provision by the Company of supplemental disability insurance
sufficient to provide two-thirds of the Employee's pre-disability minimum base
annual salary.

      (e) Employee shall be entitled to receive an annual incentive bonus for
each calendar year included in this Agreement based on the Company's performance
during the preceding year as determined by the Compensation Committee of the
Board of Directors. The annual bonus shall be paid no later than March 15th of
the following year and is fully vested at the end of each year in the event of a
non-renewal of this Agreement by the Company. Subject to Section 7 below, the
annual bonus shall be pro-rated for any partial employment year.

      The Company shall deduct from all compensation payable under this
Agreement to the Employee any taxes or with holdings the Company is required to
deduct pursuant to state and federal laws or by mutual agreement between the
parties

      5. Vacation. For and during each year of the Term and any extensions
thereof, the Employee shall be entitled to reasonable paid vacation periods
consistent with his positions with the Company. In addition, the Employee shall
be entitled to such holidays consistent with the Company's standard policies or
as the Company's Board of Directors may approve.

      6. Expense Reimbursement. In addition to the compensation and benefits
provided herein, the Company shall, upon receipt of appropriate documentation,
reimburse the Employee each month for his reasonable travel, lodging,
entertainment, promotion and other ordinary and necessary business expenses.

      7. Termination.

      (a) For Cause. The Company may terminate this Agreement immediately for
cause upon written notice to the Employee, in which event the Company shall be
obligated to pay the Employee that portion of the minimum base annual salary due
him through the date of termination. Cause shall be limited to (i) the
persistent failure to perform duties consistent with a commercially reasonable
standard of care; (ii) the willful neglect of duties; (iii) criminal or other
illegal activities involving dishonesty; or (iv) a material breach of this
Agreement; provided that in the event the Company shall desire to terminate this
Agreement pursuant to subsection (iv), above, it shall first provide the
Employee with notice of and a reasonable opportunity (the time for which shall
not exceed 30 days), if possible, to cure the material breach.


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      (b) Without Cause. Either party may terminate this Agreement immediately
without cause by giving written notice to the other. If the Company terminates
under this Section 7(b), then it shall pay to the Employee an amount equal to
the product of (i) the Employee's minimum annual base salary in effect as of the
date of termination, plus the greater of either (x) the total annual bonus paid,
payable, or which would have been payable to the Employee under this Agreement
(had it been in effect) for 2001 and payable in 2002 or (y) the highest bonus
paid for any year during which this Agreement was in effect ("Base Year Bonus"),
times (ii) the number of years (including partial years) remaining in the Term
or the number 3 (three), whichever is greater. The Company shall make such
payment in a lump sum on or before the fifth day following the date of
termination, or as otherwise directed by the Employee. In addition, all options
granted to the Employee which had not vested as of the date of termination
hereunder shall vest immediately and the Company shall maintain in full force
and effect for the continued benefit of the Employee for the number of years
(including partial years) remaining in the Term, or 3 years, whichever is
greater, all employee benefit plans and programs in which the Employee was
entitled to participate immediately prior to the date of termination, provided
that the Employee's continued participation is possible under the general terms
and provisions of such plans and programs. In the event that the Employee's
participation in any such plan or program is prohibited, the Company shall, at
its expense, arrange to provide the Employee with benefits substantially similar
to those which the Employee would otherwise have been entitled to receive under
such plans and programs for which his continued participation is prohibited. If
the Employee terminates under this Section 7(b), then the Company shall be
obligated to pay the Employee the minimum annual base salary due him through the
date of termination.

      (c) Disability. If the Employee fails to perform his duties hereunder on
account of illness or other incapacity for a period of nine consecutive months,
then the Company shall have the right upon written notice to the Employee to
terminate this Agreement without further obligation by paying the Employee the
minimum base annual salary, without offset, for the remainder of the Term in a
lump sum or as otherwise directed by the Employee.

      (d) Death. If the Employee dies during the Term, then this Agreement shall
terminate immediately and the Employee's legal representatives shall be entitled
to receive the minimum annual base salary for the remainder of the Term in a
lump sum or as otherwise directed by the Employee's legal representative.

      (e) Mitigation. The Employee shall not be required to mitigate the amount
of any payment provided for in this Section 7 by seeking other employment or
otherwise, nor shall any compensation or other payments received by


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the Employee after the date of termination reduce any payments due under this
Section 7.

      (f) Effect of Termination. Termination for any reason or for no reason
shall not constitute a waiver of the Company's rights under this Agreement nor a
release of the Employee from any obligation hereunder except his obligation to
perform his day-to-day duties as an employee.

      8.    Severance Payment.

      (a) The Employee may terminate his employment hereunder for "Good Reason,"
which for purposes of this Agreement shall mean a "change in control of the
Company." A "change in control of the Company," for purposes of this Agreement,
shall be deemed to have occurred if (i) there shall be consummated (x) any
consolidation or merger of the Company other than a consolidation or merger of
the Company in which the holders of the Company's Common Stock immediately prior
to the merger own more than 50% of the voting securities of the surviving
corporation immediately after the merger, or (y) any sale, lease exchange or
other transfer (in one transaction or a series of related transactions) of all,
of substantially all, of the assets of the Company, or (ii) the stockholders of
the Company approve any plan or proposal for the liquidation or dissolution of
the Company, or (iii) any "person" (such as that term is used in Sections 13(d)
and 14(d) of the Securities Exchange Act of 1934 (the "Exchange Act")), other
than the Company or any "person" who, on the date hereof, is a director or
officer of the Company, is or becomes the "beneficial owner" (as defined in Rule
13d-3 under the Exchange Act), of securities of the Company representing 30% or
more of the combined voting power of the Company's then outstanding securities,
or (iv) during any period of two (2) consecutive years during the Term or any
extensions thereof, individuals, who, at the beginning of such period,
constitute the Board of Directors, cease for any reason to constitute at least a
majority thereof, unless the election of each director who was not a director at
the beginning of such period has been approved in advance by directors
representing at least two-thirds of the directors then in office who were
directors at the beginning of the period.

      (b) If the Employee terminates his employment for Good Reason, or, if
after a change in control of the Company, the Company shall terminate the
Employee's employment in breach of this Agreement or pursuant to Section 7(b),
then:

         (i)   The Company shall pay the Employee his minimum base annual salary
               due him through the date of termination.

         (ii)  In lieu of any further salary and bonus payments or other
               payments due to the Employee for periods subsequent to the date


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               of termination, the Company shall pay, as severance to the
               Employee, an amount equal to the product of (A) the Employee's
               minimum base annual salary in effect as of the date of
               termination plus the Base Year Bonus, multiplied by (B) the
               number of years (including partial years) remaining in the Term
               or the number 3 (three), whichever is greater.

         (iii) All options granted to the Employee which had not vested as of
               the date of termination hereunder shall vest immediately; and

         (iv)  The Company shall maintain in full force and effect, for the
               continued benefit of the Employee for the number of years
               (including partial years) remaining in the Term, all employee
               benefit plans and programs in which the Employee was entitled to
               participate immediately prior to the date of termination,
               provided that the Employee's continued participation is possible
               under the general terms and provisions of such plans and
               programs. In the event that the Employee's participation in any
               such plan or program is prohibited, the Company shall, at its
               expense, arrange to provide the Employee with benefits
               substantially similar to those which the Employee would otherwise
               have been entitled to receive under such plans and programs from
               which his continued participation is prohibited.

      (c) For purposes of this Section 8 and Section 7 hereof, the Employee
shall not be required to mitigate the amount of any payment provided for in
Sections 7 and 8 by seeking other employment or otherwise, nor shall any
compensation or other payments received by the Employee after the date of
termination reduce any payments due under such Sections.

      9. Indemnification for Taxes. The Company shall indemnify Employee for any
and all taxes, penalties, additions to tax and interest on tax deficiencies of
any kind (collectively, "Taxes") with respect to any and all payments and
benefits provided by this Agreement or other agreements with Employee which are
subject (if at all) to the excise tax (Excess Tax") pursuant to Section 4999 of
the Internal Revenue Code of 1986, as amended. This indemnification shall extend
to any and all Taxes with respect to any and all reimbursements hereunder such
that, on a net-after-tax basis, Employee is in the same position that Employee
would have been in if no payments made by Company to Employee had been subject
to the Excise Tax (and, therefore, no indemnification payments hereunder had
been necessary).

      10. Non-Delegation of Employee's Rights. The obligations, rights and
benefits of the Employee hereunder are personal and may not be delegated,
assigned or transferred in any manner whatsoever, nor are such obligations,
rights or benefits subject to involuntary alienation, assignment or transfer.


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      11. Confidential Information. The Employee acknowledges that in his
capacity as an employee of the Company he will occupy a position of trust and
confidence and he further acknowledges that he will have access to and learn
substantial information about the Company and its operations that is
confidential or not generally known in the industry including, without
limitation, information that relates to purchasing, sales, customers, marketing,
and the Company's financial position and financing arrangements. The Employee
agrees that all such information is proprietary or confidential, or constitutes
trade secrets and is the sole property of the Company. The Employee will keep
confidential, and will not reproduce, copy or disclose to any other person or
firm, any such information or any documents or information relating to the
Company's methods, processes, customers, accounts, analyses, systems, charts,
programs, procedures, correspondence or records, or any other documents used or
owned by the Company, nor will the Employee advise, discuss with or in any way
assist any other person, firm or entity in obtaining or learning about any of
the items described in this Section 11. Accordingly, the Employee agrees that
during the Term and at all times thereafter he will not disclose, or permit or
encourage anyone else to disclose, any such information, nor will he utilize any
such information, either along or with others, outside the scope of his duties
and responsibilities with the Company.

      12. Non-Competition During Employment Term. The Employee agrees that,
during the term and any extensions thereof, he will devote substantially all his
business time and effort, and give undivided loyalty, to the Company. He will
not engage in any way whatsoever, directly or indirectly, in any business that
is competitive with the Company or its affiliates, nor solicit, or in any other
manner work for or assist any business which is competitive with the Company or
its affiliates. In addition, during the Term and any extensions thereof, the
Employee will undertake no planning for or organization of any business activity
competitive with the work he performs as an employee of the Company, and the
Employee will not combine or conspire with any other employee of the Company or
any other person for the purpose of organizing any such competitive business
activity.

      13. Non-Competition After Employment Term. The parties acknowledge that as
an executive officer of the Company the Employee will acquire substantial
knowledge and information concerning the business of the Company as a result of
his employment. The parties further acknowledge that the scope of business in
which the Company is engaged as of the Effective Date is national and very
competitive and one in which few companies can successfully compete. Competition
by an executive officer such as the Employee in that business after this
Agreement is terminated would severely injure the Company. Accordingly, for a
period of one year after this Agreement is terminated or the Employee leaves the
employment of the Company for any reason whatsoever, except as otherwise stated
herein below, the Employee agrees (i) not to become an employee, consultant,
advisor, principal, partner or substantial shareholder of any firm or business
that in any way competes with the Company in any of its presently-existing or
then-existing products and markets; and (ii) not to solicit any person or
business that was at the time of such termination and remains a customer or
prospective customer, or an employee of the Company. Notwithstanding any of the
foregoing provisions to the


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contrary, the Employee shall not be subject to the restrictions set forth in
this Section 13 under the following circumstances:

      (a) If the Employee's employment with the Company is terminated by the
Company without cause;

      (b) If the Employee's employment with the Company is terminated as a
result of the Company's unwillingness to extend the Term of this Agreement; or,

      (c) If the Employee leaves the employment of the Company for Good Reason
pursuant to Section 8, above.

      14. Return of Company Documents. Upon termination of this Agreement,
Employee shall return immediately to the Company all records and documents of or
pertaining to the Company and shall not make or retain any copy or extract of
any such record or document.


      15. Other Employment and Location. Anything to the contrary hereinabove
notwithstanding, Company acknowledges that Employee may serve as a Director
and/or Chairman of the Board of certain other companies and will direct a
reasonable portion of his time to fulfilling his duties in such capacities.
Company acknowledges that Employee serving as a Director and/or Chairman of the
Board of other companies shall not constitute a violation of this Agreement or
any provision hereof including but not limited to Sections 11, 12 and 13, so
long as Employee dedicates a reasonable amount of his time to his duties
hereunder. The Employee shall not be required to move from [Orange County],
California, to perform his duties hereunder during the Term without his written
consent.

      16. Improvements and Inventions. Any and all improvements or inventions,
which the Employee may make or participate in during the period of his
employment, shall be the sole and exclusive property of the Company. The
Employee will, whenever requested by the Company, execute and deliver any and
all documents which the Company shall deem appropriate in order to apply for and
obtain patents for improvements or inventions or in order to assign and convey
to the Company the sole and exclusive right, title and interest in and to such
improvements, inventions, patents or applications.

      17. Actions. The parties agree and acknowledge that the rights conveyed by
this Agreement are of a unique and special nature and that the Company will not
have an adequate remedy at law in the event of a failure by the Employee to
abide by its terms and conditions nor will money damages adequately compensate
for such injury. It is, therefore, agreed between the parties that, in the event
of a breach by the Employee of any of his obligations contained in this
Agreement, the Company shall have the right, among other rights, to damages
sustained thereby and to obtain an injunction or decree of specific performance
from any court of competent jurisdiction to restrain or compel the Employee to
perform as agreed herein. The Employee agrees that this Section 17 shall


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survive the termination of his employment and he shall be bound by its terms at
all times subsequent to the termination of his employment for so long a period
as Company continues to conduct the same business or businesses as conducted
during the Term or any extensions thereof. Nothing herein contained shall in any
way limit or exclude any other right granted by law or equity to the Company.

      18. Amendment. This Agreement contains, and its terms constitute, the
entire agreement of the parties, and it may be amended only by a written
document signed by both parties to this Agreement.

      19. Governing Law. California law shall govern the construction and
enforcement of this Agreement and the parties agree that any litigation
pertaining to this Agreement shall be adjudicated in courts located in
California. This Agreement supercedes and replaces any prior agreements or
understandings between the parties with respect to the subject matter hereof.

      20. Attorneys' Fees. If any party finds it necessary to employ legal
counsel or to bring an action at law or other proceedings against the other
party to enforce any of the terms hereof, the party prevailing in any such
action or other proceeding shall be paid by the other party its reasonable
attorneys' fees as well as court costs, all as determined by the court and not a
jury.

      21. Severability. If any section, subsection or provision hereof is found
for any reason whatsoever, to be invalid or inoperative, that section,
subsection or provision shall be deemed severable and shall not affect the force
and validity of any other provision of this Agreement. If any covenant herein is
determined by a court to be overly broad thereby making the covenant
unenforceable, the parties agree and it is their desire that such court shall
substitute a reasonable judicially enforceable limitation in place of the
offensive part of the covenant and that as so modified the covenant shall be as
fully enforceable as if set forth herein by the parties themselves in the
modified form. The covenants of the Employee in this Agreement shall each be
construed as an agreement independent of any other provision in this Agreement,
and the existence of any claim or cause of action of the Employee against the
Company, whether predicated on this Agreement or otherwise, shall not constitute
a defense to the enforcement by the Company of the covenants in this Agreement.

      22. Notices. Any notice, request, or instruction to be given hereunder
shall be in writing and shall be deemed given when personally delivered or three
(3) days after being sent by United States Certified Mail, postage prepaid, with
Return Receipt Requested, to the parties at their respective addresses set forth
below:

            To the Company:   American National Financial, Inc.
                              1111 East Katella Avenue, Suite 220
                              Orange, California  92867
                              Attention:   Michael C. Lowther
                              Chief Executive Officer


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            To the Employee:  Wayne D. Diaz
                              604 Marinella Aisle
                              Irvine, CA 92606

      23. Waiver of Breach. The Waiver by any party of any provisions of this
Agreement shall not operate or be construed as a waiver of any prior or
subsequent breach by the other party.


      IN WITNESS WHEREOF the parties have executed this Agreement to be
effective as of the date first set forth above.


                              AMERICAN NATIONAL FINANCIAL, INC.


                              By:   ________________________________
                                    Michael C. Lowther
                              Its:  Chief Executive Officer



                              WAYNE D. DIAZ


                              ______________________________________



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