American Financial Resources takes credit union service to whole new level
PARSIPPANY, NJ (April 12, 2017) — American Financial Resources (AFR), Inc., is changing the face of service for Credit Unions.
Credit Unions have been the backbone of the American banking system for the last two centuries. With access to a large number of mortgage programs, Credit Unions are able to offer more solutions to their members including specialty programs such as renovation and one-time close loans, and FHA loans for manufactured housing. Most of these options stem from the support products provided by investor partners, like AFR.
Servicing Credit Unions nationwide, AFR’s Credit Union Division offers multiple lending options through both the wholesale and correspondent channels, including a hybrid contract option. AFR tailors each relationship to fit the uniqueness of every Credit Union client, providing industry-leading technology, professional expertise and education, and an unbeatable, world-class customer experience.
The innovative technology of AFR is an aspect that sets it apart in the Credit Union service sector. AFR Loan Center, allows Credit Unions to efficiently manage their pipeline with ease. The secure, web-based portal, called MyLoanCenter™, is a free, mobile-optimized, white-label platform that facilitates real-time communication between Credit Unions and their members, as well as an effective platform for monitoring a loan at every stage of the process.
AFR combines their technical prowess with the highest levels of service which ensures the loan process is seamless without sacrificing the personal touch that Credit Unions and their members desire.
“AFR’s dedication to our Credit Union clients is second to none. We offer competitive rates, low FICO requirements and minimal overlays enabling more members to achieve the “American Dream,” says Sarah Vanderhill, Credit Union Division Manager, American Financial Resources, Inc. “Our continued growth throughout the nation reflects our deep commitment to work alongside our credit union partners so they may serve their members to a fuller extent.”
With flexible lending solutions through a wide variety of submission channels, AFR offers both delegated and non-delegated correspondent channels for Credit Unions where AFR underwrites each transaction, with the option for AFR to also close and fund.
Focusing on shifting the workload away from Credit Unions whenever possible, AFR’s On-Demand Processing provides critical loan-level processing support from our expert staff, to allow Credit Union clients to focus on streamlining the loan needs of their members.
From technology to service to a constantly evolving innovative portfolio of mortgage solutions, AFR remains the premier go-to partner for Credit Unions and their members nationwide.
About American Financial Resources, Inc.
Parsippany, NJ-based American Financial Resources is a leading wholesale, correspondent, and retail mortgage originator and servicer of residential mortgage loans. AFR has residential mortgage banking licenses in all 50 states plus HUD, FHA, Fannie Mae, Freddie Mac, VA, Guaranteed Rural Housing and Ginnie Mae authority to underwrite and service mortgage loans.
AFR Wholesale, the company’s wholesale/correspondent division, serves a nationwide network of more than 1,000 wholesale/correspondent brokers making it one of the largest providers of these services in the country.
AFR’s retail division originates loans under its eLEND.com brand with a specific focus on simplifying the mortgage experience and empowering consumers to make informed decisions through education about the mortgage process.