American Mortgage Express Corp. Unveils New Headquarters in New Jersey

Strategic Insights -

American Mortgage Express Corp. has relocated its operations to a new headquarters office in Mt. Laurel, NJ, marking a significant milestone in the company's expansion plans. The 35,000-sq.-ft. facility showcases state-of-the-art technology and features a training center, solidifying the company's position as one of New Jersey's largest independent mortgage banking operations. The grand opening ceremony, attended by Governor James E. McGreevey and other prominent officials, highlights the company's commitment to staying in New Jersey and creating jobs and economic opportunities for its residents.

Key Takeaways:

  • American Mortgage Express Corp. has relocated its operations to a new headquarters office in Mt. Laurel, NJ, with a total floor area of 35,000 sq.-ft.
  • The company has consolidated two of its existing offices into the new facility, which will house up to 250 employees.
  • The training center at the new headquarters will enable the company to train an additional 150 employees it plans to hire in the near future.
  • American Mortgage Express Corp. has received a Business Employment Incentive Program (BEIP) grant through the New Jersey Economic Development Authority (EDA) and a Customized Training Grant from the New Jersey Department of Labor.
  • The company projects that it will originate approximately $3 billion in mortgages in fiscal 2004.
  • American Mortgage Express Corp. is licensed in approximately 30 states and its loan production focuses on retail Internet, direct advertising, direct marketing, and wholesale on a national scale.
  • The company's retail origination division is headquartered in Mt. Laurel, NJ, and has locations throughout the United States, originating loans through a network of over 100 independent mortgage bankers and brokers in 30 states.
  • The company's efforts to stay in New Jersey have been facilitated by the State's business incentives, which include the BEIP and Laboratory grants.

Statistics:

  • The new American Mortgage Express Corp. headquarters office spans 35,000 sq.-ft.
  • The company will house up to 250 employees in the new facility.
  • The training center at the new headquarters will enable the company to train an additional 150 employees.
  • American Mortgage Express Corp. projects that it will originate approximately $3 billion in mortgages in fiscal 2004.
  • The company is licensed in approximately 30 states.

Sources:

  • American Mortgage Express Corp., Press Release, February 9 (quoted directly from the source)
  • NJ Press Release, February 9 (mentioned in the American Mortgage Express Corp. Press Release)