HOUSTON, Aug. 20, 2004 (PRIMEZONE) -- For the second year in a row, Allied Home Mortgage Capital Corporation (AHMCC) has been honored as one of the Top 25 Tech Savvy Lenders in the Mortgage Industry by the editors of Mortgage Technology magazine.
The honor, which was announced in the August/September 2004 issue of the magazine, comes on the heels of earlier recognition by the magazine's sister publication, Broker Magazine, citing Allied as the No. 1 lender for 2003.
The company was recognized for its continued development and use of cutting edge technology to reduce the time required to get a consumer from application to the front door of their new home. This year Allied was noted for reducing Information Technology (IT) costs while continuing to add new tools for predatory lending compliance and appraisal management.
"There is no greater honor than to be recognized by your peers," said Ron Litt, Sr. Vice President. "But we are not resting on our laurels. We are adding more tools to our technology arsenal in the areas of imaging and fraud prevention this year."
At the Stars of the Industry dinner, held during the National Association of Mortgage Brokers annual convention at Salt Lake City in June 2004, AHMCC was cited for setting loan production records for the third straight year and ending with $15 billion in 2003, amounting to more than 100,00 funded loans.
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.
In 2003 the company funded over $15 billion in loans and was named as one of "The Top 25 Tech-Savvy Lending Firms" by Mortgage Technology magazine. Allied is the exclusive mortgage lender for Carleton Sheets.
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