Bulletins05/11/2015

We are making modifications to our existing Jumbo program offering. Effectively immediately, the Jumbo Fixed Program will be available in place of the Non-Agency Jumbo Program.

[ Read Bulletin ]

Bulletins05/11/2015

We are making modifications to our existing Jumbo program offering. Effectively immediately, the Jumbo Fixed Program will be available in place of the Non-Agency Jumbo Program.

[ Read Bulletin ]
Testimonial - Rakesh

I just wanted to tell you how impressed I am with the Red Teams service.  I have known Rakesh and been working with for almost 4 years know and when he told me he had moved to a company based in NJ (we are in Arizona) I was hesitant being so far away from my lending partner… but Rakesh convinced me you have the systems in place to make our company successful… he was RIGHT!

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AFR Wholesale, a division of American Financial Resources, Inc. is a nationwide wholesale residential mortgage lender headquartered in Parsippany, NJ. We are a Ginnie Mae issuer, Fannie Mae and Freddie Mac Seller/Servicer, FHA Mortgagee, USDA National Lender and VA Automatic Lender. We currently serve thousands of mortgage brokers and lenders throughout this great country with their residential financing needs. In business since 1997, American Financial Resources, Inc. has grown to one of the largest wholesale lenders in the country.


Daily Rate Sheets

Click above to get a copy of our latest rate sheet. Updated rate sheets are published daily. Click here for the Quick Pricer. Subscribe To Daily Rates Email - APOR Fixed / APOR Adjustable

Become a Lending Partner

Click above to submit your application to become an approved broker with AFR. (Wholesale Direct)

Click above for details on our complete program portfolio and guidelines.

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Current Turn Times


Government Conventional Delegated Correspondent (CDE)
Purchase Approvals 6 Days 4 Days Approvals 3 Days
Refinance Approvals 6 Days 4 Days Conditions 1 Day
Conditions 2 Days 2 Days
Purchase Docs* 2 Days 2 Days
Refinance Docs * 1 Day 1 Day


*TX/LA Docs *FHA 203(k) Docs *FHA OTC Docs
2 Days 2 Days 5 Days


Important:

  • The Turn time starts once the file is placed in UW received or submitted status
  • Turn Times = Business Days
  • All AFR loans are required to be reviewed by AFR’s QC Department; this process will add at least 48 hours to the overall turn time after all conditions have been reviewed.
  • The above listed turn times do not include USDA – GRH loans.