ABN Amro Celebrates $200 Billion Milestone
ABN Amro Mortgage Group, Ann Arbor, Mich., now services more than $200 billion of mortgage loans for 1.6 million customers, an 8% increase from the beginning of this year.
Richard Geary, group senior vice president for loan administration, said that reaching the $200 billion threshold demonstrates the company's commitment to customer service.
That effort has been aided by the development of a new national lending center in Sunrise, Fla., he told MSN. In addition to servicing loans purchased from mortgage brokers through InterFirst Wholesale lending, AAMG services all loans generated through its various consumer-direct lending operations, including Standard Federal and LaSalle Bank, the AAMG national lending center and its website, www.mortgage.com.
"The significance for us is that between July of 2000 and July of 2003, we actually doubled the size of the servicing portfolio with no acquisitions," Mr. Geary said.
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