American Financial Resources, Inc. / AFR Mortgage Announces it is Launching an FHA Correspondent Mortgage Lending Division
PARSIPPANY, N.J., May 19, /PRNewswire/ -- American Financial Resources, Inc. (AFR Mortgage), a nationwide mortgage banker, announced today they are launching a new FHA correspondent residential mortgage lending division that will purchase closed loans from selected FHA direct endorsed lenders.
Today, the secondary market is faced with many challenges especially for the small to mid-sized mortgage lender. According to Mr. Richard Dubnoff, CEO, "There is a real need to provide this type of service to the midsize mortgage banking community. The AFR Mortgage Correspondent Lending Division will be a trusted source for the secondary market". AFR will be one of the few secondary investors in the country to purchase FHA insured loans on manufactured homes.
About American Financial Resources, Inc.
Established in 1998, American Financial Resources, Inc. (AFR) is a privately owned mortgage banker headquartered in Parsippany, New Jersey. The company is a HUD Direct Endorsement FHA lender, Fannie Mae approved seller/servicer and GinnieMae Issuer. AFR is approved to do business nationwide and is currently one of the top 25 largest FHA lenders in the country. The company operates as three divisions, Correspondent Lending, Wholesale, and Residential Mortgages.
For more information about the company visit their websites at: www.afrcorrespondent.com www.afrwholesale.com and www.afrmortgage.com
SOURCE American Financial Resources, Inc.
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