“We knew we had to have the technology to support the structure at the lowest cost and somehow still make and deliver on the promises we want to make to our brokers. We process our results in seven days, provide loan documents to our brokers in mostly seven hours and guarantee loans within seven hours. ”
He said the initial feedback after the June 14 launch was “phenomenal” with over $ 600 million already in development.
Burt cited two of AmeriSave’s flagship products – the Lock and Shop and a certified letter of approval – as prime examples of how the company used technology to grow its business.
“This technology is frictionless and allows shoppers to go out and shop with confidence,” he said.
The company, founded in 2002, recently opened 18 new subsidiaries, deciding that it will also develop its traditional retail business. Not content with that, the private lender also went into insurance, real estate, and even launched a solar division. “We have a lot of irons to attract customers,” admitted Burt.