Home / Daily Dose / SitusAMC Launches Warehouse Administration Services
Print This Post Print This Post

SitusAMC Launches Warehouse Administration Services

Anthony Beshara, Managing Director and Head of SitusAMC's Warehouse Financing Solutions

SitusAMC has launched its Warehouse Administration Services, a suite of tech-enabled turnkey services to help warehouse lenders setup, 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.

"There 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. "These 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
  • 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.

About Author: Eric C. Peck

Eric C. Peck has 20-plus years’ experience covering the mortgage industry, he most recently served as Editor-in-Chief for The Mortgage Press and National Mortgage Professional Magazine. Peck graduated from the New York Institute of Technology where he received his B.A. in Communication Arts/Media. After graduating, he began his professional career with Videography Magazine before landing in the mortgage space. Peck has edited three published books and has served as Copy Editor for Entrepreneur.com.

Check Also


What Percent of Mortgages Are Delinquent?

According to the latest Loan Performance Insights Report, 16 metro areas posted slight annual delinquency upticks. With hurricane season in full swing, some areas of the U.S. could see typical seasonal delinquencies rise later this year and into 2024.