Orange, CA-based Ameriquest is one of the nation's top 50 lenders, according to American Banker magazine. The software system is called Empower. The Ameriquest deal is Eastern Software's largest product installation.
Ameriquest integrated existing custom efficiencies from its previous loan origination system into "Empower", according to Lyn Ryan, executive vice president and CIO of Ameriquest. This approach allowed the company to make use of the new system's efficiencies, technology and simplified user functions and workflow while ensuring that customized features were retained.
Ameriquest originates, purchases, sells and services specialty finance mortgage loans at 193 retail branches in 30 states. Eastern Software Corporation is based in Pennsylvania and is a provider of enterprise-wide loan origination systems. The company's flagship product "Empower" is used by many of the nation's 200 largest lenders including CitiMortgage, Downey Savings & Loan and IndyMac Bank.
Want to continue reading?
Become a Free ALM Digital Reader.
Once you are an ALM Digital Member, you’ll receive:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
*May exclude premium content© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.