The future will be digitally driven.
We're investing in the future of the real estate finance industry, building innovative technology solutions that serve as the backbone of our clients’ operations, seamlessly integrating with established technology platforms to drive efficiency, transparency and cost savings.
We’ve brought together more than 650 technologists who are building and implementing innovative technologies that are trusted by leading financial institutions to reduce transaction time, drive efficiency, increase transparency and ultimately build better businesses.
- Residential Technologies
- Commercial Technologies
Machine-learned optical character recognition technology for document classification and data extraction.
Robust document management technology providing storage, permission-based sharing and audit tracking capabilities.
Conduit counter-party and pipeline management solution for aggregators and pricing engine for reverse mortgage aggregators.
See how our real estate technology can help your business.
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.
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.
Mortgage lending is a data-intensive endeavor, and the traditional loan process is time-consuming and bogged down in manual paperwork. But technology is streamlining and speeding the process for originators and their clients, as well as producing more accurate underwriting to reduce risk (and wasted time) for lenders and brokers. Meanwhile, the coronavirus pandemic has accelerated the adoption of digital products among consumers, and they expect less friction in their transactions.
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SitusAMC Inks Agreement With Independent Financial To Transition Warehouse Lending System To SaaS-Based ProMerit
New York, NY (02.20.2024) – SitusAMC and Independent Financial have entered into an agreement to transition from the company’s warehouse lending platform WLS to its SaaS-based, enterprise-level warehouse lending platform ProMerit.
New York, NY – (January, 24, 2024) – SitusAMC, the leading provider of innovative, trusted solutions supporting the entire lifecycle of real estate finance, added an incredible 25 new issuance CLO and CMBS assignments representing more than $9.6B. SitusAMC was named the leading special servicer of CRE CLOs in 2023 with 5 assignments representing $3.25B+ in UPB and a 48.8% market share. The 5 new issuance assignments led all other firms for the year.