SAN RAFAEL, Calif., March 8, 2012 /PRNewswire/ -- Phoenix American Financial Services (PAFS) announced today that AmeriFunds Diversified Funding has signed an agreement with the company. Phoenix will provide shareholder database and transfer agent services to AmeriFunds, a national purchaser of privately held mortgage notes. AmeriFunds will benefit from Phoenix's long experience administering alternative investment funds, the value of its service offerings and the state-of-the-art capabilities of Phoenix's STAR 2010-XMS transfer agent system.
AmeriFunds Diversified Funding, LLC is one of the premier purchasers of privately held mortgage notes in the United States. The company helps individuals consolidate monthly obligations, pay for college, pay medical bills, start businesses and obtain financial freedom through structured buyouts of seller financed mortgage notes. AmeriFunds integrates the discipline required for purchasing notes and the expertise critical to portfolio management. AmeriFunds chose Phoenix American because of its decades of experience in the direct investment industry, its cost-effective value and the efficiencies and reporting capabilities of the STAR 2010-XMS System.
"We're really looking forward to incorporating their system with our program and making AmeriFunds an even better product," said Melissa Story, Chief Operating Officer of AmeriFunds Diversified Funding, LLC.
"We're excited to be partnering with AmeriFunds," said Phil Owen, Senior Vice President of Investor Services at Phoenix American. "Their mortgage note funds are an example of the wide variety of alternative investments we welcome at Phoenix American. We look forward to prospering together."
ABOUT PHOENIX AMERICAN FINANCIAL SERVICES
Phoenix American Financial Services (PAFS) provides transfer agent services as well as sales and marketing reporting services to companies in the alternative investment and mutual fund industries. The PAFS aircraft group provides administration and accounting services for securitization funds specializing in commercial aircraft. The company is a subsidiary of Phoenix American Incorporated along with Phoenix American SalesFocus Solutions, providers of the cloud-based MARS CRM, Sales and Marketing reporting and compliance management solutions for banks, insurance companies, asset management firms and other financial services organizations. Phoenix American Incorporated was founded in 1972 and is headquartered in San Rafael, CA. Visit our website at www.pafsi.com.
866-895-5050 ext. 4632
SOURCE Phoenix American Financial Services