American Mortgage Consultants starts new technology unit

Due diligence firm American Mortgage Consultants has launched a new subsidiary in response to growing lender and servicer interest in digital transactions.

“We believe the future of the residential mortgage industry will be about technology-based transaction and diligence facilitation, and that an open architecture is essential toward providing connectivity throughout the secondary market and vendor community,” Michael Franco, chief executive officer of American Mortgage Consultants, said in a press release about the new subsidiary, TechEssential.

Chris Consoli, chief technology officer of American Mortgage Consultants, and Brian Perry, a former vice president at secondary mortgage market technology provider Optimal Blue[1], are overseeing the due diligence company’s new secondary-market technology unit.

“Our ability to test technologies internally before client deployment and our sizeable commitment to our IT team are differentiators,” Consoli said in the press release.

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