|North Shore Systems is the leading provider Commercial Real Estate solutions, enabling greater efficiency and productivity through automated pipelines. With over 10 years of experience, North Shore offers consulting and implementation services in addition to providing the industry's leading LOS solution. With version for Lenders and Brokers, North Shore is all you need to take your business to the next level.
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Company Press Release Archive 2/15/2001
|For more information, contact:|
Brain McCracken, President/CEO
North Shore Systems, LLC
|AMI Capital Uses North Shore Commercial Real Estate Lending System to Speed Up Lending Cycle|
Bethesda, MD - AMI Capital (www.amicapital.com)
is going to speed up their lending cycle by 25% by installing
the Pipeline System from North Shore Systems. The system, North
Shore, automates the whole lending process from origination,
underwriting and closing. It will also allow borrowers and brokers
to use an Internet browser to view the status of their loans
in the funding process.
AMI Capital is a nationwide mortgage lender focusing on loans
for multifamily housing communities, office buildings, luxury
hotels, industrial properties, retail centers and senior housing.
Since its inception in 1990, AMI Capital's portfolio has grown
to more than $2.7 billion. Headquartered in Bethesda, Maryland,
AMI Capital's product line consists of Fannie Mae DUS, FHA and
commercial programs, including conduits and life insurance financing
products. AMI Capital's regional offices are located in Alexandria,
VA, Atlanta, Columbus, OH, Denver, Kansas City, Los Angeles and
Besides automating the 'backroom' lending process AMI is going
to automate the external interfaces to its suppliers as well.
Appraisers, Engineers, Environmental and Title information will
be supplied over the web. The goal for implementing the system
is to get the lending cycle from approximately 60 days down to
less then 30 days. The reduced cycle time and the access to the
loan status by the borrower will further increase the customer
service that AMI is known for. Ultimately, it will give them
the competitive advantage to increase their market share of the
North Shore Systems (www.NorthShoreSystems.com)
offers a series of products that automates the commercial real
estate financing industry. It offers totally web-based systems
that automate the 'backroom' production of lending from origination
to underwriting to closing. Furthermore, the systems connect
the lender to the rest of the industry such as borrowers, brokers,
appraisers, and market information.