Ameriquest Mortgage made a big push into computerized loans and lays claim to inventing the stated income loan—you’d basically tell them how much money you made and they’d give you a loan. Nice, huh?
The company was later accused of predatory lending practices, deceptive sales tactics and a bunch of other bad stuff that contributed to the recent financial crisis. It’s no longer funding loans, which is probably a good thing.
Fate: The site (Ameriquest.com) is completely down.
Next Olympus (2005)