SitusAMC, a provider of solutions supporting the entire lifecycle of real estate finance, launched its Warehouse Administration Services, a comprehensive suite of technology-enabled turnkey services to help warehouse lenders setup, execute, enhance and scale their warehouse businesses, the company announced in a release.
SitusAMC supports more than 70 percent of the warehouse market through its ProMerit and WLS warehouse lending technologies, including 16 of the largest financial institutions in the U.S. Together, the systems currently support more than $2 trillion in warehouse funds.
The company’s technology is further bolstered by a global workforce with the scale to support clients of all sizes, as well as a team of warehouse experts with proven experience running and supporting warehouse businesses at some of the most respected organizations, the release stated.
The company’s Warehouse Administration Services will be led by a team of professionals who will focus on efficiently arranging and executing new warehouse facilities; identifying, implementing, and managing technology; establishing and refining warehouse processes; and helping warehouse lenders seamlessly scale their operations. When compared to the traditional expense of working with in-house resources, the company said its warehouse services have the potential to help warehouse lenders reduce their costs by up to 30 percent, leading to a significant increase in profitability.
“There are numerous challenges, complexities and obstacles associated with building and launching a warehouse lending franchise,” Anthony Beshara, managing director and head of SitusAMC’s Warehouse Financing Solutions, said in the release. “These issues are compounded by labor shortages, as many organizations are struggling to recruit and retain the talent they need.”
“Our Warehouse Administration Services address these challenges with a turnkey approach that shifts the responsibility of setting up, managing, and scaling a warehouse facility from the client to our team of experts,” Beshara added. “Our offering leverages our global workforce and proven technology to help our warehouse clients reduce costs and execute day-to-day operations more efficiently. Pair that with SitusAMC’s broader offering supporting the entire mortgage lifecycle, and you’ve got a one-stop-shop that delivers unparalleled value for our clients.”