American Mortgage Consultants Debuts TechEssential Subsidiary

American Mortgage Consultants Debuts TechEssential Subsidiary

September 10, 2018
American Mortgage Consultants Inc. (AMC) has announced its acquisition of String Real Estate Information Services LLC, a McLean, Va.-based provider of title search outsourcing services
American Mortgage Consultants Inc. (AMC) has launched TechEssential Inc., a subsidiary that offers the company’s clients and third-party service providers a suite of technology solutions designed for secondary mortgage market transactions.
According to the company, TechEssential’s products are offered on a standalone basis or as part of a consolidation solution called the Secondary Market Accepted Residential Trading (SMART) Platform, with deployment supported on a software-as-a-service or client server-installed basis. TechEssential’s product offerings include Acuity, a document classification and data extraction technology; DocAcuity, an e-Vault-style document repository technology; The Rate Lock System, a conduit support technology that allows for the management of transactions between buyers and sellers; and TELAPort, a multi-component technology that includes modules for servicing-related activities including surveillance, remittance reconciliation, quality control testing and mortgage servicing rights pricing.
Brian Perry, Managing Director of Software Solutions at New York City-based AMC, and Chris Consoli, the company’s Chief Technology Officer, will oversee TechEssential’s go-to-market strategy, product development initiatives and strategic growth priorities. AMC added that a number of secondary mortgage market participants including investment banks, real estate investment trusts, government-sponsored enterprises (GSEs) and mortgage conduits already licensed TechEssential’s solutions.