American City Mortgage's Irvine Branch Offers Interstate Borrowers Loan Approvals through Call Center.IRVINE Irvine, town, Scotland Irvine (ûr`vĭn), town (1991 pop. 32,507), North Ayrshire, SW Scotland, on the Irvine River estuary. Industries include iron and brass foundries. Other products are chemicals, electric goods, and clothing. , Calif.--(BUSINESS WIRE)--Aug. 31, 1998-- Purchasing and refinancing Refinancing An extension and/or increase in amount of existing debt. made simpler and quicker just by picking up the phone American American, river, 30 mi (48 km) long, rising in N central Calif. in the Sierra Nevada and flowing SW into the Sacramento River at Sacramento. The discovery of gold at Sutter's Mill (see Sutter, John Augustus) along the river in 1848 led to the California gold rush of City Mortgage Corp. (ACMC ACMC Alameda County Medical Center ACMC Association of Canadian Medical Colleges ACMC Advanced Composites Manufacturing Centre ACMC Advancing Churches in Missions Commitment ACMC Advanced Computational Modelling Centre ACMC Atlantic City Medical Center ), a Carson, Calif.-based lender specializing in minority and low-income lending with offices throughout California California (kăl'ĭfôr`nyə), most populous state in the United States, located in the Far West; bordered by Oregon (N), Nevada and, across the Colorado River, Arizona (E), Mexico (S), and the Pacific Ocean (W). and lending licenses in offices in Utah, Washington, Oregon Oregon, city, United States Oregon, city (1990 pop. 18,334), Lucas co., NW Ohio, a suburb adjacent to Toledo, on Lake Erie; inc. 1958. It is a port with railroad-owned and -operated docks. The city has industries producing oil, chemicals, and metal products. and Colorado, announced the launch of its second mortgage-approval call center which is located in Irvine. The Irvine call center, similar to ACMC's Carson, Calif. mortgage call center, can be used by borrowers interested in purchasing or refinancing their property through American City Mortgage. American City's Irvine call center focuses on approving borrowers who have previously been denied mortgage approval and supporting the company's expansion into the western United States Noun 1. western United States - the region of the United States lying to the west of the Mississippi River West Santa Fe Trail - a trail that extends from Missouri to New Mexico; an important route for settlers moving west in the 19th century . The call center receives calls daily from prospective borrowers in California, Utah, Washington, Oregon and Colorado. The Irvine branch can approve any loan product over the phone for customers with either prime or sub-prime credit ratings. "We receive applications from borrowers with various credit histories, wanting a variety of mortgage products," Heath heath, tract of open land heath, tract of open land characterized by a few scattered trees, abundant moss cover, and numerous low shrubs, principally of the heath family (see heath, in botany). said. "Our call center is prepared to process any product that American City Mortgage offers its clients, including all low-income and minority loan products." "By expanding our lending operations into other states, American City Mortgage is able to help even more previously unqualified borrowers become homeowners," said Pat Theodora Sr., chairman and chief executive officer of American City Mortgage. According to according to prep. 1. As stated or indicated by; on the authority of: according to historians. 2. In keeping with: according to instructions. 3. Heath, the center's mortgage approval process is similar to the traditional face-to-face mortgage process. Borrowers are asked for information about the property to be financed, employment history and asset information. Meanwhile, a credit report is pulled that automatically populates the liabilities section of the mortgage application. The application is then sent through Fannie Mae's Desktop Underwriter underwriter n. a company or person which/who underwrites an insurance policy, issue of corporate securities, business, or project. (See: underwrite) UNDERWRITER, insurances. One who signs a policy of insurance, by which he becomes an insurer. (r) for a recommendation, which is received within minutes. "Working with minority and low-income families for the past 15 years has given American City Mortgage a competitive edge," added Theodora. "We know the 'ins and outs' of non-conforming lending and what it takes to survive in this niche of the industry." To contact the Irvine call center, call Bob Heath, (800) 707-7157. To reach the Carson call center, contact Kevin Friedman at (800) 840-0333. About American City Mortgage Founded in 1983 by Pat Theodora Sr. and his son, Pat Theodora Jr., American City Mortgage Corp. is a single-source, comprehensive provider of mortgage products and services with a strong emphasis on government and agency loans. The mortgage company originates, processes, purchases, places and services loans from application through the life of the loan. American City has a staff of 185 at its 14 satellite offices throughout California and its headquarters in Carson. For more information, write American City Mortgage, 20501 S. Avalon Blvd., Carson, CA 90746; or call Pat Theodora Sr. or Pat Theodora Jr. at (800) 366-2262, or visit the Web site at www.americancitymortgage.com.
CONTACT: American City Mortgage
Bob Heath, 800/707-7157
Irvine Branch Manager,
or
for American City Mortgage
Beth Quinlan, 404/264-7207.
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