HOUSTON, Jan. 27, 2004 (PRIMEZONE) -- Closing out its third straight record year, Allied Home Mortgage Capital Corporation (AHMCC), announced it funded $15 billion in residential loans in 2003. The figure represents more than 100,000 funded loans.
For the last three years, Allied set loan production records of $9 billion, $12 billion, and $15 billion respectively.
"This kind of sustained record performance demonstrates the viability of our business model," said Jim Hodge, Allied CEO. "As we begin 2004, we are already prepared for the changed market dynamic. We look forward to continued growth."
About Allied:
Founded in 1991, AHMCC is the largest privately held mortgage banker/broker in the U.S., with more than 700 offices in 48 states, Guam and the Virgin Islands. It offers a wide variety of mortgage products and services from over 800 lenders.
Allied is a preferred lender on Military.com (the largest military web site on the internet) and the exclusive mortgage lender for Carleton Sheets. In 2002 the company funded over $12 billion dollars in loans, including more than $1 billion in the month of October, and was named the No. 1 mortgage brokerage firm by Broker magazine. In August of 2003, AHMCC was named as one of "The Top 25 Tech-Savvy Lending Firms" by Mortgage Technology magazine.
For more information about the company, visit Allied's websites at www.branchasap.com, www.mortgageasap.com and its Spanish language site, www.prestamopronto.net.
The Allied Home Mortgage logo can be found at: http://media.primezone.com/prs/single/?pkgid=704