Ameriquest's Business, By the NumbersBy Baselinemag | Posted 2005-09-12 Email Print
Ameriquest Mortgage Base Case
Headquarters: 1100 Town and Country Rd., Orange, CA 92868
Phone: (714) 541-9960
Business: One of the nation's largest providers of sub-prime mortgagesloans for borrowers with less than perfect credit.
Chief Information Officer: Mark Sarago
Financials in 2004: The privately held company originated an estimated $24 billion in sub-prime loans and reported an estimated $2.1 billion in sales.
Challenge: Implement a sales management and pricing software system to rapidly process and fund new and refinanced home loans.
- Increase total loan volume by at least 12%, from $24 billion in 2004 to $27 billion in 2005.
- Contribute to parent company Ameriquest Capital's push to increase loan volumes by 20%, from $83 billion in 2004 to more than $100 billion in 2005.
- Increase head count by 36%, from 14,000 in 2004 to 19,000 in 2005.
- Implement a single software system that determines a consistent, benchmark price for all borrowers' fees and interest rates.