Skip to main content

American Financial Network Now Licensed to Lend Nationwide
Nov 19, 2019
American Financial Network Inc. (AFN) has announced that it has obtained its final state license, making it a true nationwide lender licensed in all 50 states, plus Washington, D.C.

American Financial Network Inc. (AFN) has announced that it has obtained its final state license, making it a true nationwide lender licensed in all 50 states, plus Washington, D.C. In addition to expanding its reach across the country, AFN announced its technology expansion whereby a single-source Command Center portal will encompass most of the company's technological needs and streamlines processes for its branches and all personnel.
"As a constantly-growing company, we are excited to expand and bring our brand to New York and Vermont, the final two states rounding out our national lending status," said John Sherman, president of AFN. "We have a large presence on the West Coast and have spent the last decade extending our reach across the country. New York licensing is a goal we are very pleased to have achieved."
The Command Center portal will offer many valuable tools that were either not available prior to implementation or were found in multiple programs and online sites. Development of this tool makes virtually all technology required to perform myriad tasks as a mortgage banker available when on the go, giving flexibility and portability to aspects of the job that were previously office-centric. The Command Center's Loan Workbench tool is an LO point of sale that will enable all sales personnel to perform all duties within the portal, eliminating the need for multiple logins to multiple apps and offering a very efficient, time-saving platform for Team AFN's loan originators.
“The AFN Command Center functions like an operating system that gives us one-stop-shop access to a business intelligence dashboard and apps that help make our jobs easier,” said AFN Chief Operating Officer Jonathan Gwin. “Sales and ops alike can see their individual metrics and loan pipeline without logging into the LOS, and branch managers can see all metrics and loan activity for their branch. This is yet another advancement in mortgage lending that sets Team AFN up for success as our seasoned sales team and new recruits alike benefit from the latest and greatest time-saving technology."

Biden Appoints Sandra Thompson As Acting Director Of The FHFA

The White House appointed Sandra L. Thompson as acting director of the Federal Housing Finance Agency (FHFA), effective immediately. Her statement reveals that a permanent director will be confirmed in December.

Regulation and Compliance
Jun 24, 2021
Supreme Court Gives Biden Full Control Over FHFA

The U.S. Supreme Court gave President Joe Biden the authority to remove the head of the Federal Housing Finance Agency (FHFA) while dismissing claims from shareholders of Fannie Mae and Freddie Mac.

Industry News
Jun 23, 2021
Ocwen Financial To Acquire Reverse Mortgage Servicing Platform

Ocwen Financial Corporation's wholly-owned subsidiary, PHH Mortgage Corporation will acquire RMS' reverse mortgage servicing platform.

Industry News
Jun 18, 2021
UniteCT Emergency Rental Assistance Succeeds

Thanks to the successful launch of the UniteCT program, emergency rental assistance funds are helping Connecticut residents maintain housing.

Industry News
Jun 17, 2021
Angel Oak Mortgage Announces Initial Public Offering

Angel Oak Mortgage announced its initial public offering of 7,200,000 shares of its common stock at $19 per share.

Industry News
Jun 17, 2021
Mortgage Apps Rebound After Three Consecutive Weeks Of Declines

The Mortgage Bankers Association reported the first increase in mortgage applications after a three consecutive weeks on declines.

Industry News
Jun 17, 2021