Ameriquest Mortgage Company
Ameriquest Mortgage Company was founded in 1980 as Long Beach Savings and Loan. In 1997, they changed their name to Ameriquest Mortgage Company. Since then they’ve originated and serviced billions of dollars in mortgage loans and are approved as a seller/servicer of Fannie Mae and Freddie Mac. Ameriquest has established over 170 branch sales offices throughout the nation. Ameriquest has grown from 35,600 loans in 2000 to 118,900 loans in 2003. They also increased their loan volume from $3.7 billion in 2000 to $17.8 billion in 2003. Ameriquest has more than 7,000 associates located in over 250 branches in 35 states. They maintain a staff of qualified individuals with expertise in customer service and the mortgage lending industry. Ameriquest believes in doing business based on its core values of quality, customer service, doing the right thing and continuous improvement. Ameriquest does not offer loans in Virginia, West Virginia or Nebraska.
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At Ameriquest Mortgage they believe that people are more than what is reflected by just their credit scores. The homebuyer will find an understanding purchase specialist who will work with him/her every step of the way—from the application to the day his/her loan closes. The Ameriquest purchase specialist will be able to tell the borrower the amount he/she qualifies for in about a day, and his/her loan will fund on time. They even do all the paperwork for you! Ameriquest Specializes in loans for those with less than perfect credit scores. Here are some of their offerings:
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Loans Funded by Ameriquest Mortgage Company
- 80/20 No down Loan Programs
- Hard to Prove Income Loans
- Less-Than Perfect Credit Options
- Debt Consolidation Loans
- Home Improvement Loans
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Recent Ameriquest Mortgage Company News
Ameriquest has various other more conventional loans available. They allow online application and have the tools on their website to allow the borrower to evaluate his/her loan needs. One may also call for assistance.
Ameriquest has been in the news of late with regard to predatory loan fee pricing. As of Tuesday, January 24, 2006, Ameriquest Mortgage Co. agreed to a settlement of $325 million with 49 states for collecting excessive fees and interest rates. Many homeowners who could not afford to pay the loan and fee amounts charged were forced into foreclosure. Ameriquest is also facing numerous consumer lawsuits because of charges of excessive fees and changes in the terms of loans when the consumers were to sign the final loan closing documents. The Orange, CA based company is set to change its business practices and will now be independently monitored to ensure it complies.
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Bradford Mortgage is not directly affiliated with any mortgage broker or lender and cannot make any guarantee as to the lender affiliation of any broker or agent which contacts you. Company information on our site is for informational purposes only.
Bradford Mortgage is not directly affiliated with any mortgage broker or lender and cannot make any guarantee as to the lender affiliation of any broker or agent which contacts you. Company information on our site is for informational purposes only. This site is not a broker and does not collect or solicit mortgage applications. Content is for informational or comparison purposes only. Services are not available in New York. Products and services may not be available in all other states.
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