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National Mortgage Professional
Sep 12, 2005

ABFS acquires ESI MortgageMortgagePress.comABFS,ESI Mortgage,Acqusition American Business Financial Services (ABFS) has acquired certain assets of their client ESI Mortgage. Fifteen-year-old mortgage brokerage firm ESI will benefit from the immediate conversion to mortgage banker, product mix and pricing advantages that ABFS will provide in this all-cash, secured-note transaction. ESI Mortgage will operate under ABFS subsidiary Home American Credit Inc. d/b/a Upland Mortgage. ESI president Lisa Kelly was named senior vice president of Home American Credit and will help build its operation in Texas. "We are very happy to join the ABFS organization and view it as a great opportunity to build on the core values of ESI--those of real service, fast closings and a focus on broker relationships," said Lisa Kelly. "ABFS will help fuel our growth through its patent-pending EasyLoan Advisor loan structuring system, its mortgage warehouse facilities and its broad array of products." For more information, visit www.esimortgage.com or www.abfsonline.com.
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