American Financial Resources, Inc. announces it will now offer a Conventional One-Time Close (OTC) program – in both its wholesale (AFR Wholesale) and retail (eLEND®) channels – which provides permanent financing for a new stick-built or manufactured home, that converts to a standard conventional mortgage once construction is completed. This offering rounds out the mortgage lender’s existing single-close construction financing suite of products and features.
On this episode of Mortgage X, Laura Brandao, President of American Financial Resources joins Christine and Frazier to talk about how she built a wholesale channel in 2007 from nothing, starting with just a desk, computer, one product, and her hustle to generate 200 million a month in production in one year.
When buying a home, especially a first home, most buyers are focused on things like location, number of bedrooms and bathrooms, and square footage. They’re most likely not thinking about things like current interest rates, loan underwriters, or whether or not their mortgage company is utilizing the latest technology. A company like American Financial Resources (AFR), however, is not only thinking about all the concerns of the homebuyer—bedrooms and bathrooms included—they’re also thinking about the latest innovations and how they can streamline processes for their clients.
Bill Packer, AFR COO, explains why the absence or disparity of women and other minorities is problematic in the workplace; this lack of diversity creates blind spots on critical issues that impact the underrepresented groups. These blind spots lead to product, systems and marketing designs and programs that don’t appeal to these critical groups.
This attestation provides evidence that American Financial Resources has a strong commitment to deliver high quality services to its clients by demonstrating they have the necessary internal controls and processes in place.
“I’ve gained such respect for manufactured homes and modular homes and the affordability they offer new first time home buyers or the people downsizing that might be empty nesters looking to have a more affordable option.” Hear from AFR President Laura Brandao on how to be the leader in your space with host Jack Sweeney on the Middle Market Thought Leader podcast.
Through the AFR University Training and Certification program, they provide loan officers with instructional webinars to help them get more knowledgeable and comfortable with manufactured home-specific loans. Once a loan officer has completed a set course of instruction, AFR provides a “Manufactured Housing Specialist” seal.
An interview with Laura Brandao, a skilled mortgage industry executive who now proudly serves as the president of AFR.