TNAMB Membership Update
ABN AMRO Announces Abundant AccoladesMortgagePress.comABN AMRO, Production, ABN AMRO Mortgage Group Inc. (AAMG) reported total third quarter production of $32.31 billion, with 202,098 units funded, reflecting an increase of $12.22 billion from the company's third quarter 2001 totals. AAMG's 2002 year-to-date fundings total $78.49 billion, an increase of 45 percent from the same period in 2001. September was a record-breaking month for AAMG's subsidiary InterFirst Wholesale Mortgage Lending, which reported production of $10.69 billion, with 66,361 loans funded. InterFirst's year-to-date production totals $66.14 billion, with 419,382 loans funded. AAMG also announced that it will employ a new appraisal-alternative product developed by Fidelity National Information Solutions (FNIS), to replace traditional full appraisals for many of the company's first mortgage loan originations. AAMG will use FNIS' Collateral Valuation Insurance (CVI) to streamline the collateral evaluation process in its first mortgage operations. In addition to its locally-implemented automated ordering and receipt, AAMG is seeing improvements in turnaround time and the quality of CVI's collateral evaluations. AAMG's adoption of CVI supports the company's OneFee settlement approach and company-wide initiative to streamline the mortgage origination process. ABN AMRO Mortgage Group Inc., headquartered in Ann Arbor, Mich., is a subsidiary of ABN AMRO North America Inc., which provides mortgage loans and related services through its divisions. For more information, visit www.abnamro.com or call (313) 665-3700. Fidelity National Information Solutions, headquartered in Santa Barbara, Calif., delivers business intelligence and technology to lenders and real estate professionals. For more information, visit www.fnis.com or call (888) 934-3354.