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The latest from SitusAMC. For media inquiries: mediarelations@situsamc.com
Latest News
SitusAMC Advances Business Through Strategic Moves
SitusAMC, the leading provider of services and technology to the commercial and residential real estate finance industry, today announced a series of strategic business moves aimed at streamlining its focus while creating opportunities to advance its business through minority ownership and partnership structures.
October 2022
SitusAMC Launches Aware to Drive Connectivity and Strengthen Relationships Between Warehouse Borrowers, Lenders and Purchasers
NEW YORK – October 14, 2022 – SitusAMC, the leading provider of innovative, trusted solutions supporting the entire lifecycle of real estate finance, today announced the launch of Aware, an end-to-end warehouse management system-of-record that helps originators and purchasers operate warehouse financing and credit lines while helping them streamline operations and strengthen relationships.
October 2022
Steve Powel, Real Estate Finance Pioneer, Announces Retirement From SitusAMC, a Company He Helped Found.
New York, NY (10.03.2022) – SitusAMC, the leading provider of innovative, trusted solutions supporting the entire lifecycle of real estate finance, announced that the Company’s Executive Chairman, Steve Powel, will be retiring from the firm’s day-to-day business at the end of the year. Mr. Powel’s retirement marks the end of an illustrious 30+ year career at SitusAMC (formerly Situs), where he helped guide the organization from an upstart transactional services firm into the real estate industry’s preeminent solutions provider.
September 2022
SitusAMC Adds Ed Pratt as Managing Director, Head of Corporate Operations
New York, NY (09/01/2022) – SitusAMC, the leading provider of innovative, trusted solutions supporting the entire lifecycle of real estate finance, announced the hiring of Ed Pratt as the firm’s Managing Director, Head of Corporate Operations. In this newly created role, Mr. Pratt will focus on overseeing several key strategic initiatives and corporate projects involving both internal and external constituents. Mr. Pratt joined SitusAMC on August 15, 2022, and is reporting to Michael Franco, Chief Executive Officer.
August 2022
SitusAMC Adds Scott Yang as Director of Reverse Mortgage Valuation, Risk & Analytics
NEW YORK, NY (08/29/2022) – SitusAMC, the leading provider of innovative, trusted solutions supporting the entire lifecycle of real estate finance, announced today the hiring of Scott Yang as the firm’s Director of Reverse Mortgage Valuation, Risk & Analytics. In the newly created role, Mr. Yang will oversee SitusAMC’s valuations, modelling, data offerings and analytics solutions for the reverse mortgage segment. Mr. Yang joined SitusAMC on August 2, and is reporting to Andrew Taddei, Managing Director, Leader of Valuation Advisory & Risk Solutions.
July 2022
SitusAMC Names New Leads Across CRE Servicing & Asset Management Division
New York, NY (07.11.2022) – SitusAMC, the leading provider of innovative, trusted solutions supporting the entire lifecycle of real estate finance, announced leadership changes across the firm’s Commercial Real Estate Servicing & Asset Management (SAM) division. Tim Mazzetti, who previously led the firm’s SAM division, has been elevated to Executive Vice Chairman of commercial real estate (CRE), and will focus on business development and strategic client relationships across the breadth of SitusAMC’s CRE practice.