Lender Profile

American Financial Network

Contact: John Donofrio
Title: National Sales Manager
Phone: 732-687-0871
Email: jdonofrio@afncorp.com
Website: http://retailafn.com
Headquarters: 10 Pointe Drive, Suite 330, Brea, CA 92821

Company Information

As a quick overview, American Financial Network is a 15 year old company, licensed in 43 states, closing just over $5 Billion in annual loan volume through roughly 115 branches. We are a direct lender to 38 correspondent banks, direct seller to FNMA and GNMA (sub-servicer) and prepare our branches with over 50 broker outlets (including Construction to Perm, No Income Verified Asset and no waiting period for BK, Foreclosure or Short sales loans). For your nontraditional deals, we’ve recently rolled out a menu of Non-QM products (through our correspondent channel) and have over 120 state and national Down-Payment Assistance/Bond Programs. Additionally, we have several commercial and private money relationships.

Branch Platform

Req. Annual Volume:$30,000,000
States:Alabama, Alaska, Arizona, Arkansas, California, Colorado, Connecticut, D.C, Delaware, Florida, Georgia, Hawaii, Idaho, Illinois, Indiana, Iowa, Kansas, Kentucky, Louisiana, Maine, Maryland, Michigan, Minnesota, Mississippi, Missouri, Montana, Nebraska, Nevada, New Hampshire, New Jersey, New Mexico, North Carolina, Ohio, Oklahoma, Oregon, Pennsylvania, Rhode Island, South Carolina, Tennessee, Texas, Utah, Vermont, Virginia, Washington, Wisconsin, Wyoming
Products:FOREIGN NATIONAL/ITIN, MANUFACTURED/MODULAR, NON WARRANTABLE CONDOS, BANK STATEMENT ONLY, STATED INCOME VERIFIED ASSETS, DOWN PAYMENT ASSISTANCE PROGRAMS, STATE BOND PROGRAMS, CONSTRUCTION TO PERM, JUMBO/SUPER JUMBO, USDA, FHA/VA, REVERSE, FHA 203K, HOMEPATH, HARP, CONV
Banker Options:FNMA, GNMA, Chase, Caliber, Citi, CMG, Ditech, Everbank, Five Oaks, FlagStar, Freedom, Guild, Homeward, Homebridge, Impac, M&T, Nationstar, New Penn, Penny Mac, Platinum, Plaza, Provident, Pacific Union, Redwood, Replublic, StoneGate, Suntrust, Sunwest, Titan, US Bank, Wells Fargo, WinWater
Servicing Levels:In-House Processing, In-House Underwriting, FHA Full Eagle (DELEGATED), VA Automatic (DELEGATED), Chase Jumbo UW (DELEGATED)
Other Options:Allow DBA'S, Ability To Broker Out, Allow Satellite Branches, Customized Branch Margins

Additional Branch Info

As a cutting-edge company, we've used technology to implement some of the latest marketing, CRM's, cell phone applications and social media training courses.

Other Key Branch Components:

· 24-48hr UW Turn Times
· Licensed in 43 Sates
· Customized Branch Margins
· On-Site branch training
· Real Time Accounting
· Branch and Loan Officer Websites
· Assistance with Loan Officer recruiting
· Disclose and run DU/LP at the branch level