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AMERIDREAM NAMED CALYX© PREFERRED POINT PARTNER
Program Helps Expedite Applications for Mortgage Professionals

Gaithersburg, MD (Aug. 11, 2003) – AmeriDream, Inc., the nation’s leading non-profit provider of down payment gifts, announced it has been named a Calyx© Preferred Point Partner, and that mortgage professionals can now process down payment gift applications with the click of a button using AmeriDream’s Downpayment Gift Program, which is included on Calyxâ Point version 4.2.

AmeriDream’s inclusion on Calyx Point software, the most widely used software by mortgage brokers nationwide, allows the organization to reach out to more than 20,000 mortgage companies nationwide -- or 55 percent of all mortgage brokers.

The software uploads customer data from within Point directly to the down payment gift application and forwards the information to AmeriDream. The application can then be processed and funds transferred within 24 hours.

“AmeriDream provides down payment and closing cost gifts to more than 3,500 people each month, so this means less paperwork for mortgage brokers who use our program with the Point software,” said Ann Ashburn, CEO and President of AmeriDream. “By providing brokers with a simplified process to help the buyer, we can facilitate even more home purchases for low- and moderate-income individuals.” 


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The mission of AmeriDream, Inc., headquartered in Gaithersburg, MD, is to expand homeownership opportunities for underserved groups and promote the value of homeownership as the foundation for building strong communities and individual prosperity. AmeriDream, Inc. is a non-profit, publicly supported organization that is tax-exempt under Internal Revenue Code Section 501(c)(3). AmeriDream, Inc. meets the requirements for a charitable organization, as referenced in the HUD Handbook 4155.1 REV-4, CHG-1 Section 2-10 for FHA insured loans.  In addition to The AmeriDream Downpayment Gift Program, AmeriDream also operates The AmeriDream Redevelopment Program in the Washington, DC metropolitan area and Florida, and the Community Link Program nationwide. Through the Redevelopment Program, AmeriDream has spent more than $8 million to rehabilitate properties and return them to the market at affordable prices. Through Community Link, AmeriDream has donated more than $1.5 million to a range of community organizations, including Habitat for Humanity, the American Red Cross Disaster Relief Fund, and the Victims Rights Foundation.