Skip to main content

Situs and AMC Complete Merger

Phil Hall
Jun 28, 2019
Photo credit: Getty Images

Situs Group Holdings Corp. and American Mortgage Consultants Inc. (AMC) have closed the deal to merge the two firms.
The financial details of the merger were not disclosed. The combined business will operate as SitusAMC and have more than $175 billion of commercial assets under management and provide fair value assessment on more than $290 billion of commercial real estate assets quarterly. The newly merged company added that its residential mortgage activity will cover approximately 60 percent of the secondary market private label securitization transactions. SitusAMC will have a workforce of 3,300 employees in 27 markets across the U.S., Europe and India.
"This is an exciting moment for not only Situs and AMC, but for the broader real estate industry," said Steve Powel, executive chairman, SitusAMC. "Our unique ability to support our clients across both their commercial and residential debt and equity activities will create new opportunities to advance their agendas and transform their business through industry-leading services and innovative technologies."

Jun 28, 2019
Fannie Mae Introduces Spanish-Language Homebuyer Education Program

The new platform, HomeView en Español, aims to bridge language barriers hindering Hispanic-Americans from purchasing homes..

Sep 29, 2023
Layoffs At

After a rocky market debut, has laid off staff.

Sep 25, 2023
CFPB Issues Guidance On AI In Credit Underwriting

Creditors must provide specific and accurate reasons for credit denials, even with complex AI models.

Sep 19, 2023
Intercontinental Exchange Completes Black Knight Acquisition; Births Dark Matter Technologies Under Constellation Software

Rich Gagliano takes the helm at Dark Matter Technologies, poised to lead the future of Empower LOS with a 1,300-strong team, blending startup agility with decades of industry experience.

Sep 18, 2023
FHFA Invites Public Engagement On Modernized Credit Score Transition

Stakeholder forums and listening sessions planned to ensure seamless rollout; extended timeline for bi-merge credit report requirement in play.

Sep 11, 2023
Desperation Drives Difficulty in Closing Mortgages in California

Analysis reveals California among top 20 toughest states for mortgage closures.

Sep 11, 2023