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Amera Mortgage

Amera Mortgage Corporation - Milford, MI

Amera Mortgage Corporation 517-768-1500 www.yellowbook.com

Cole Taylor Mortgage is hiring, expanding at Ann Arbor headquarters

It’s been eight months since Cole Taylor Bank moved its mortgage banking division’s headquarters to Ann Arbor, and the company — fueled by increased mortgage market share and improved margins — is significantly growing.

More than 250 employees now staff the office in the Northeast Corporate Center on Green Road, up from 115 employees when the division moved from Hamburg Township last year.

“We grew very significantly between 2011 and early 2012,” said Cole Taylor Mortgage President Willie Newman . “In November, sections of our space had no (cubicles), now you go in there and you can barely walk around.”

Newman spearheaded the launch of the mortgage unit for the Chicago-based bank in December 2009, right in the midst of the U.S. housing market meltdown.

His strategy: Enter the market at the bottom, not the top.

“We thought there was an opportunity for something to start up and start clean,” Newman explained. “It’s a clean sheet with none of the legacy issues, no old technology, no loans, delinquencies or the issues people read about.

We tried Tesla Autopilot and Cadillac Super Cruise in the same week — here's what it was like

The two best semi-self-diving features in the car market right now are Tesla Autopilot and Cadillac Super Cruise.

Tesla's system has been around longer (it debuted in 2015) and uses cameras, radars, sonar, and GPS navigation. In particular, the camera-based visual technology demands that each vehicle with the latest Tesla hardware also contains supercomputer-level processing power, so that it can crunch all the data.

Cadillac's Super Cruise, arriving in late 2017, also uses cameras, notably a small unit mounted on the steering column that monitors whether the driver is paying adequate attention . The cameras that manage actually driving the car are aimed at the road and surroundings, however, and are matched with a radar system. But critically, Cadillac also makes use of 130,000 miles of laser-radar (Lidar) maps, and as long they're current, the vehicle can determine exactly where it is.

Both systems are essentially adaptive-cruise control — which calibrates distances between cars and adjusts throttle and braking accordingly — plus automatic steering. They're far from the dream of affordable full autonomy.