American Financial Resources continues its committed partnership with NAMMBA, co-organizes a dedicated webinar
Through its recent “Mission of Inclusion” webinar and participation in the upcoming event, AFR reaffirms its commitment to act as a resource for the underserved alongside NAMMBA
PARSIPPANY, NJ, September 8, 2022 /PRNewswire/ — National Mortgage Lender American Financial Resources, Inc. (AFR) and the National Association of Minority Mortgage Bankers of America (NAMMBA) are working together to pursue a strong partnership focused on a common mission of inclusion – from NAMMBA members to first time home buyers and underserved families. An official sponsor of NAMMBA since its inception, AFR and NAMMBA have pushed for positive change not only in the housing needs of marginalized communities, but also in the development of a more diverse mortgage workforce.
To encourage this shift, the partners co-hosted a webinar titled “Mission of Inclusion” earlier this month as part of an overall strategy to share their common mission, further positioning AFR to create economic opportunities for minority brokers and continue to provide housing options for underserved areas. This webinar also enabled AFR to help support NAMMBA’s 2025 mission – their goal to connect over 50,000 students to the real estate finance industry by 2025.
“Serving underresourced communities has been a mainstay of AFR from the beginning, and we are so grateful that our partnership with NAMMBA allows us to make strides towards empowering women and minorities through not just options homeownership, but also support in growing their mortgage careers as well,” said Christophe Guerin, executive vice president of origination and business development at American Financial Resources. “It was an honor to speak at our latest webinar alongside NAMMBA Founder and CEO Tony Thompsonand we look forward to continuing our alliance at NAMMBA’s Connect 2022 event this month.”
In addition, the AFR team will continue to prioritize AFR University Training Webinars and in-house training is progressing as part of their efforts to diversify the mortgage workforce, inviting people to join their team and promising to train new brokers with no experience in the mortgage industry. These training sessions include processor courses for internal growth and development, subscription courses for processors to improve skills and knowledge, and free on-demand live webinars for government and conventional products to to ensure that the partners are familiar with all the niche programs that AFR has to offer.
“Last month’s webinar alongside AFR was a huge success, and we’re excited to have them back at the biggest real estate finance networking event of the year, NAMMBA Connect 2022,” said the Founder/CEO. by NAMBBA. Tony Thompson, CMB. “Educating and showcasing the opportunities this industry has to offer young people, women and minorities is my team’s number one priority, and AFR’s corporate mission aligns so well with ensuring that we continue to do it.”
AFR’s goal has always been to make home ownership more accessible to everyone and to provide several offerings that support underserved communities in the housing market. With 75% of all first-time home buyers over the next five years expected to be women, millennials or people of color, according to NAMMBA, AFR’s suite of products and services – including One-Time close, 203k Renovation loans, down payment assistance and more – are designed to support this forecast and ultimately bring more people home.
These programs aim to remove one of the biggest barriers to homeownership – saving for a down payment. In the past 5 years alone, AFR has financed the construction of more than 2,400 new homes, the majority of transactions under a $400,000 purchase price. With the help of One-Time Close, where borrowers can combine financing for a land purchase, construction, and permanent mortgage into one first mortgage and lock in an interest rate, and 203k Renovation loans, where consumers can finally make their home improvement dreams come true, first-time home buyers, veterans, or families without a budget for a big down payment can still find the perfect home.
For more information about AFR, its current product offerings and open job openings, please visit https://www.afrcorp.com/.
About American Financial Resources, Inc.
American Financial Resources, Inc. (AFR) offers a full line of residential mortgage products to meet a variety of financing needs through its wholesale division (AFR Wholesale) and Consumer Direct divisions (eLEND and ManufacturedHome.ready). AFR is a leading FHA 203(k) lender for sponsored arrangements and an innovator in construction and renovation loans. AFR uses the latest technology and provides educational resources to correspondent lenders, mortgage brokers and loan originators, as well as consumers. American Financial Resources, Inc. is an Equal Housing Lender and Equal Opportunity Employer. Lender NMLS 2826 to www.nmlsconsumeraccess.org. For more information, visit www.afrcorp.com.
The National Association of Minority Mortgage Bankers of America is a purpose-driven organization dedicated to the inclusion of minorities and women in the mortgage industry who champion sustainable homeownership in local communities. To fulfill its mission, NAMMBA offers programs and initiatives aimed at bringing minorities and women into the mortgage industry, including recruiting, consulting, networking and training for companies and individual professionals. For more information visit: http://www.nammba.org
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SOURCEAmerican Financial Resources, Inc.