Bulletins03/21/2014

Fannie Mae Lender Paid Mortgage Insurance (LPMI) : AFR has enhanced the Mortgage Insurance options for the Fannie Mae Fully Amortizing Fixed and Fannie Mae High Balance Fixed products. AFR is now permitting Lender Paid Mortgage Insurance (LPMI).

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Bulletins03/21/2014

AFR is Now Offering a JUMBO Product:  AFR is now offering clients through the Wholesale Direct, Wholesale, Table Funding and Correspondent channels a conventional JUMBO program for single family, FNMA approved Condos and PUDs. This program is for fixed rates on primary residences and second homes with no geographic restrictions. Minimum qualifying credit scores start at 680. This program is available for loan amounts starting at 625k up to 3 million.  Available on our daily rate sheet today!

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Bulletins12/09/2013

Free Processing!  With our new Wholesale Direct channel, we will process, underwrite, close and fund your file for no additional charge.  Faster closing times, nothing lost in translation, and you receive constant updates throughout the process.

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Prev [ Next Bulletin ]

Bulletins03/21/2014

Fannie Mae Lender Paid Mortgage Insurance (LPMI) : AFR has enhanced the Mortgage Insurance options for the Fannie Mae Fully Amortizing Fixed and Fannie Mae High Balance Fixed products. AFR is now permitting Lender Paid Mortgage Insurance (LPMI).

[ Read Bulletin ]

Bulletins03/21/2014

AFR is Now Offering a JUMBO Product:  AFR is now offering clients through the Wholesale Direct, Wholesale, Table Funding and Correspondent channels a conventional JUMBO program for single family, FNMA approved Condos and PUDs. This program is for fixed rates on primary residences and second homes with no geographic restrictions. Minimum qualifying credit scores start at 680. This program is available for loan amounts starting at 625k up to 3 million.  Available on our daily rate sheet today!

[ Read Bulletin ]

Bulletins12/09/2013

Free Processing!  With our new Wholesale Direct channel, we will process, underwrite, close and fund your file for no additional charge.  Faster closing times, nothing lost in translation, and you receive constant updates throughout the process.

[ Read Bulletin ]
Testimonial - Charles Goodman

"I would like to say that I am very happy to work with Charles Goldman. Our processing department is very happy working with him, he is very helpful in any way and efficient for anything I have questions on. Please accept this e-mail as a thank you for having Charles Goldman in your company to help us close loans in this industry that is very different now days. Keep up the Good work Charles !!!!!!!!!!!!"  Jaki M. Loan Processor

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.

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Matrix

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Gov’t
Approvals - 4 Days
Conditions - 2 Days
Loan Docs - 1 Days

Gov’t Correspondent
Approvals - 4 Days
Conditions - 2 Days
Loan Docs - 1 Days

Conventional
Approvals - 4 Days
Conditions - 2 Days
Loan Docs - 1 Days

Conventional Correspondent
Approvals - 4 Days
Conditions - 2 Days
Loan Docs - 1 Days
Turn Times in Business Days - *All AFR loans go through a separate QC department and a Clear to Close department. Please be advised that this process will add at least 48 hours to the overall turn time after all conditions have been reviewed. ** Does not include USDA - GRH Loans **