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SITUSAMC LAUNCHES
WAREHOUSE
ADMINISTRATION
SERVICES
SitusAMC has launched its Warehouse
Administration Services, a suite of tech-enabled
turnkey services to help warehouse lenders set
up, execute, enhance, and scale their warehouse
businesses while improving efficiency and
reducing costs.
SitusAMC currently supports more
than 70% of the warehouse market through
its ProMerit and WLS warehouse lending
technologies, including 16 of the largest ranked
financial institutions in the U.S., supporting
more than $2 trillion in warehouse funds.
"ere are numerous challenges,
complexities, and obstacles associated with
building and launching a warehouse lending
franchise," said Anthony Beshara, Managing
Director and Head of SitusAMC's Warehouse
Financing Solutions. "ese issues are
compounded by labor shortages, as many
organizations are struggling to recruit and retain
the talent they need."
SitusAMC's Warehouse Administration
Services will be led by a team of professionals
who will focus on arranging and executing new
warehouse facilities; identifying, implementing,
and managing technology; establishing and
refining warehouse processes; and helping
warehouse lenders seamlessly scale their
operations.
SitusAMC's Warehouse Administration
Services have been designed to support new
and established mortgage warehouse lenders,
offering services including: technology
implementation and ongoing support;
warehouse facility set-up; execution of daily
operations; compliance with banking standards;
and risk management.
"As organizations look to set up warehouse
facilities or scale their existing businesses, they
can count on our technical skills, operations
background, and proven experience running
warehouse financing platforms to power
new opportunities in their businesses," added
Beshara.
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