Electronic Downpayment Gift Program Unveiled

AmeriDream Inc., Gaithersburg, Md., has announced the release of Gift Xpress, which it says is the industry's first electronic downpayment gift program.The Web-enabled tool allows lenders to submit applications online and allows settlement companies to finalize gift applications electronically at the settlement table, AmeriDream said. "GiftXpress streamlines and automates the process and reduces the time spent on paperwork," said Ann Ashburn, president and chief executive officer of AmeriDream. The company said the new program was developed in partnership with Silanis Technology. The announcement was made at the MBA's annual convention in San Diego. AmeriDream can be found online at http://www.ameridream.org.