ARC Systems Touts Selection by AFG

Application service provider ARC Systems, Austin, Texas, has announced that Austin-based Amherst Funding Group has chosen ARC's LendTech for commitment management and eligibility determination of closed loans.According to the announcement, AFG expects to launch the implementation in the first quarter of 2006. To streamline the commitment process, each closed loan will be submitted by the seller to the Web-based LendTech platform using AFG guidelines governing the seller's particular commitment with AFG. ARC Systems said the implementation will help AFG track loans more efficiently, ensure data integrity, and eventually perform complex automated underwriting on its flow and bulk purchases. Amherst Funding Group LP was formed in 2004 to acquire closed loans for trading and securitization, including closed agency and alternative-A mortgage loans, under mandatory flow and bulk commitments. ARC Systems can be found online at http://www.arcsystems.com.