LINDON, N.J., Nov. 20, 2003 (PRIMEZONE) -- Allied Home Mortgage Capital Corporation (AHMCC) held a compliance conference today for all of its New Jersey-licensed branch offices to discuss the impact of the New Jersey Home Ownership Act of 2002 which becomes effective November 27.
The purpose of the conference was to educate Allied employees about the Act and insure compliance. The event was mandatory for all Allied branch managers and employees licensed in the state and was attended by senior management and executive officers from AHMCC's corporate office in Houston, Texas. Attorneys from one of New Jersey's largest law firms, Lowenstein Sandler PC, presented material about the Act and how to pro-actively comply.
"Allied has always been a progressive and pro-active company," AHMCC President Jim Hodge said. "While some would shy away from the great business opportunities within the state of New Jersey, our conference today exemplifies how we welcome the challenge to provide better protection and lending services to its citizens."
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. Last year 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 new Spanish language site, www.prestamopronto.net.
The Allied Home Mortgage logo can be found at: http://media.primezone.com/prs/single/?pkgid=704