SitusAMC Expands Warehouse Lending Offering with Acquisition of Street Resource Group
NEW YORK, Feb. 23, 2021 /PRNewswire/ -- SitusAMC Holdings Corp. (SitusAMC), a prominent provider of technology and services to the real estate finance industry, has acquired Street Resource Group, Inc. (SRG) and its widely utilized Warehouse Loan System (WLS).
- NEW YORK, Feb. 23, 2021 /PRNewswire/ -- SitusAMC Holdings Corp. (SitusAMC), a prominent provider of technology and services to the real estate finance industry, has acquired Street Resource Group, Inc. (SRG) and its widely utilized Warehouse Loan System (WLS).
- The acquisition expands SitusAMC's warehouse lending technology offering, pairing WLS with SitusAMC's existing ProMerit system (acquired via the MBMS, Inc. acquisition in 2019).
- SitusAMC will retain theSRG team, and SRG Founder and CEO Stanley Street will serve as Vice Chairman, SitusAMC Technologies.
- Street Resource Group is the leading technology provider to the Mortgage Banker Finance ("Warehouse Lending") space.