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The latest from SitusAMC. For media inquiries: mediarelations@situsamc.com
February 2022

SitusAMC Promotes Title Industry Sales Leaders

New York, NY – (February 17, 2022) – SitusAMC, the leading provider of innovative, trusted solutions supporting the entire lifecycle of real estate finance, announced today that Joe Salmons and Rob Dace have been promoted to Senior Vice President, Sales and Associate Vice President, Sales, respectively. Mr. Salmons and Mr. Dace are part of SitusAMC’s Title Production Solutions division (formerly String Real Estate Information Services), the largest title search provider in the country.  

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February 2022

SitusAMC Named #1 CMBS and CLO Special Servicer for 2021 New Issuance

New York, NY – (February 16, 2022) – SitusAMC, the leading provider of innovative, trusted solutions supporting the entire lifecycle of real estate finance, added an incredible 107 special servicing assignments for more than $65B in UPB in 2021, comprised of 59 new issuance CMBS and CLO assignments representing more than $43B, and an additional 48 legacy transactions representing $22B that were transferred during the year. The 59 new issuance assignments led all other firms for the year..

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February 2022

SitusAMC Appoints Industry Veterans to Lead Residential Sales Teams

New York, NY – (February 07, 2022) – SitusAMC, the leading provider of innovative, trusted solutions supporting the entire lifecycle of real estate finance, announced today that Jeff Osheka has been appointed Director, Head of Residential Technology Sales, and Tom Costanzo has been named Managing Director, Head of Residential Services Sales.

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November 2021

Securent, a SitusAMC Insurance Services Branch, Launches Comprehensive Risk Management and Insurance Programs

NEW YORK – Nov. 16, 2021 – Securent [www.SecurentRisk.com], a newly-formed provider of comprehensive risk management and insurance programs for mortgage and mortgage-backed securities (MBS) stakeholders, today announced the launch of its operations. A subsidiary of SitusAMC, Securent’s loan defect insurance protects primary and secondary mortgage participants against risk associated with defects introduced in the loan manufacturing process, including underwriting defects, compliance violation

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Resources

Insights, perspectives, and ideas to help you power opportunities in your business.
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On The Hill with Craig Phillips
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On The Hill with Craig Phillips
Residential Real Estate

On the Hill Episode 10: Craig Phillips, Former Counselor to U.S. Secretary of the Treasury

In this episode of On the Hill, Tim Rood, Head of Industry Relations, talks with Craig Phillips, a Wall Street veteran and the top housing advisor to former Treasury Secretary Steven Mnuchin. For the first time, Phillips takes us behind the scenes in the Trump administration and talks frankly about why efforts to move Fannie Mae and Freddie Mac out of conservatorship failed.

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Talented professionals working together
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Talented professionals working together
Talent

The Skills Gap: Why Smart Companies Are 'Renting' Talent in Post-COVID World

In a post-pandemic world, business leaders are radically rethinking their approach to hiring and managing talent. The COVID-19 crisis has emphasized the need to respond nimbly to chaotic change, manage fixed costs, accelerate productivity and innovate more quickly. Many firms are looking to reposition, seeking critical skill sets and experience to help them evolve, innovate and stay agile amid rising disruption and volatility.

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Suburban neighborhood houses during daytime
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Suburban neighborhood houses during daytime
RRE Technology

Lenders Deploy Technology to Reduce Compliance Risk

Consumer protection regulations in the mortgage lending process have grown exponentially since the Great Recession. U.S. lenders must comply with federal mandates, regulations from 50 different states and nearly 200 different license types utilized by non-banks. Every step of the mortgage lending process requires specific disclosures, creating significant regulatory compliance risks. Fortunately, technology is quickly evolving to address the challenge.

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Top 5 Bottom 5 Metros 2021 Q1
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Top 5 Bottom 5 Metros 2021 Q1
Commercial Real Estate

The Top 5 and Bottom 5 Metros in Q1 2021

Key metro areas in the U.S. are rebounding quickly from the COVID-19 pandemic, although some market shifts from the last year persist, according to SitusAMC Insights Top 5 Bottom 5 Metro ranking for Q1 2021. This proprietary quantitative and qualitative analysis ranks the top investment opportunities for each of the major property types from a relative value vs. price perspective, using the weighted average of NPI-NCREIF total returns across commercial real estate sectors (apartment, industrial, retail, office).

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A couple moving into a new house
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A couple moving into a new house
Commercial Real Estate

How Technology Is Transforming Warehouse Lending

Following the Great Financial Crisis of 2008, many of the nation’s largest banks began gravitating away from mortgage origination, concerned about higher risks, lower profits, and a changing regulatory environment. Over the last decade, independent mortgage banks (IMBs) or so-called “nonbanks” have filled the gap. Warehouse lenders extend short-term lines of credit to IMBs, secured by real estate collateral, allowing nonbanks to fund loans in their names rather than as a broker. IMBs originate and quickly sell the loans into the secondary market and pay the lender back.

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