Portfolio Product FICO Change - Guidelines will change to the following - Minimum FICO changing from 580 to 600. All 600 - 619 FICO's in portfolio program must be AUS approve eligible.All submissions with FICOS under 600 must be received by Aug. 30th to allow time to be scrubbed and submitted.  

AFR's COMMITMENT / LENDER FEE  HAS BEEN ELIMINATED - At AFR we recognize today’s challenges in closing loans, and the impact of added fees. To address these challenges, effective August 9th, 2010 – AFR's Commitment / Lender fee has been eliminated on EVERY LOAN!  This fee has been eliminated on every loan effective with locks submitted to take effect this Monday, August 9th.  Subsequently, we have added a loan size adjustment to all programs.  See our RATE SHEETS for details. 

NEW LOCK REQUEST FORM - Please make sure you are using the latest Lock Form available under PROCEDURES - Lock Process.

We have made many adjustments to this form and it is important that you use the most up to date form.

By using the current form available, you can fill out the form online and hit SUBMIT (upper right corner) to submit your lock request immediately.

WEBTRAC OFFLINE TODAY AT 5PM EST

American Financial Resources, Inc. is currently upgrading our WebTrac loan tracking system. This system will be offline for this planned upgrade starting at 5pm EDT on Tuesday, July 13^th.  We expect that it will be back up and running within one to two hours.  If you are unable to accessWebTrac ™ - Pipeline  or do not have access, please contact your Account Executive.  We apologize for any inconvenience this may cause.

Not an FHA Approved Lender? Not a Problem!   AFR Wholesale is now able to fund FHA Loans for non-FHA approved mortgage brokers. Due to recent HUD regulations and increases in minimum net worth requirements FHA approval has become more challenging. Let AFR Wholesale be your FHA Loan provider. Talk to your Account Executive, or APPLY NOW to become an approved AFR Wholesale Broker.

You can close loans within a few days of applying – You must be an NMLS Approved Lender