American Financial Resources Joins Next Step Network – NMP Skip to main content

American Financial Resources Joins Next Step Network

NationalMortgageProfessional.com
May 14, 2019
American Financial Resources Inc. (AFR) has added its USDA Renovation program to its suite of specialty loan programs

Next Step Network is pleased to announce that American Financial Resources Inc. (AFR) has joined Next Step’s efforts to promote the use of affordable, energy-efficient factory-built homes to increase homeownership opportunities.
 
“We are excited to join the Next Step Network,” said Bill Packer, executive vice president and chief operating officer for AFR. “The organization is aligned with our belief that manufactured housing provides an affordable, environmentally responsible alternative to help American families find affordable housing with amenities that rival and often surpass more traditionally constructed homes. Not to mention this partnership supports our mission to help bring more families home.”
 
Established in 1997 and based in Parsippany, New Jersey, AFR is comprised of both B2B (AFR) and B2C (eLEND) residential mortgage divisions. Combined, these divisions serve thousands of mortgage brokers, bankers, lenders, homeowners, homebuyers, real estate agents and contractors nationwide, with their residential financing needs.
 
“American Financial Resources’ expertise in the mortgage industry is a welcome addition to our growing network,” said Stacey Epperson, president and founder of Next Step Network. “Their participation in the SmartMH program will provide a path to sustainable, affordable homeownership for individuals across the nation.”
 
AFR is dedicated to the pursuit of growth and education, and is an active member in many of the communities which they are serving. Next Step members are a part of a national network of individuals, business and organizations that believe that manufactured housing is a viable, affordable, environmentally responsible solution to help solve America’s affordable housing crisis. Our members benefit from Next Step’s work to transform the manufactured housing industry. Network members are dedicated to delivering education, removing barriers to housing, changing the image of manufactured housing, and advancing policy changes around manufactured housing finance and Duty to Serve that better benefit home buyers and communities.


 
Published
May 14, 2019
Lenders Complain FGMC Is 'Radio Silent' On Loans

Company said it would stop purchasing new loans in the wake of its mass layoff last week; seeking court-approved financing.

Industry News
Jun 30, 2022
AnnieMac Home Mortgage Acquires OVM Financial

Wants to expand its outreach into the Mid-Atlantic region.

Industry News
Jun 30, 2022
Ready Life Launches Black-Owned Fintech To Help Underserved Borrowers

Ready Life, led by two Black entrepreneurs, is taking aim at the racial wealth gap by starting a mortgage fintech.

Industry News
Jun 30, 2022
FGMC Files For Chapter 11 Bankruptcy Protection

FGMC notified laid-off 471 employees late Tuesday night that it would pay severance.

Industry News
Jun 30, 2022
FGMC Paying Severance To Ex-Employees

Late-night email tells laid-off workers they'll receive one week of pay for each year of service.

Industry News
Jun 29, 2022
Texas, N.Y. Law Firms File Class-Action Suit vs. FGMC Over Layoffs

Both firms represent a former employee suing over lack of 60-day notice before mass layoff on June 24.

Industry News
Jun 29, 2022