Amherst Touts Alt-A Conduit Pact

Amherst Funding Group LP, an Austin, Texas-based company that buys and trades newly originated residential mortgage loans, has announced an agreement with Denver-based SN Capital Markets LLC to market Amherst's alternative-A correspondent conduit.SNCM (formerly known as Matrix Bancorp Trading) provides whole loan and servicing trading and analytics for financial institutions and mortgage bankers. Touting Amherst's "income and asset verification combinations, ease of delivery, and flexible forward delivery program" for correspondents, Amherst president Phillip Daskevich said SNCM is "the perfect business partner to bring AFG's correspondent conduit and capital markets experience to mortgage bankers across the country." Jonas Roth, SNCM's national sales director, said the arrangement with Amherst to source newly originated residential loans "goes a long way towards offering a more complete menu of services to our client relationships nationwide." The companies can be found online at http://www.amherstfunding.com and http://www.snsc.com.