Ameriquest Is Opening New Servicing Center

Ameriquest Mortgage Co. and its wholesale affiliate, Argent Mortgage, have expanded and upgraded their affiliated loan servicing center here with the opening of a new center in an 11-story office tower just north of Chicago.

To commemorate the opening, executives and employees of the new site were joined by a host of local officials welcoming them to the community.

Argent already employs more than 1,000 associates in Schaumburg. The companies said the expansion will ultimately create 2,100 new jobs over the next three years.

The new servicing facility is operational, with 90 associates hired to date. Adam Bass, senior vice president at Ameriquest, said in an e-mail that the new facility will have "more redundancy and dedicated hardware so that regional outages won't affect our ability to support our customers." Ameriquest is not changing the way it services loans, however.

The new building features a large data center and state-of-the-art technology, he said. The facility also houses a full-service cafeteria and a health center for associates. Mr. Bass said the opening of the new facility represents the beginning of a partnership with the community.

"We are pleased 90 people have already joined our company and look forward to welcoming many more professionals from the area to fill planned management and mortgage servicing operations positions." Al Larson, village president of Schaumburg, welcomed the new loan servicing associates to the community during the commemoration.

"Ameriquest's and Argent's decision to locate in the village further underscores our commitment to maintain Schaumburg's reputation as a great place to do business. On behalf of the entire village board, I am happy to welcome Ameriquest and Argent to Schaumburg," Mr. Larson said at the ceremony, according to an Ameriquest news release.

The company received significant incentives from the state of Illinois. In a news release last November, Illinois Gov. Rod Blagojevich said his administration is providing almost $25 million in support for the new operation.

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