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 beatricellen
Joined: 11 Mar 2009
Posts: 1
1.49 Dollars($)
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 Posted: Wed Mar 11, 2009 3:07 pm Post subject: Does anyone have any information on Advanced Financial Servi |
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| Does anyone have any information on Advanced Financial Services? Are they affiliated with FHA?...Received a brochure today from Advanced Financial Services and I am seriously considering refinancing my home to obtain a lower interest rate and consolidate some credit card debt. Trying to find out some details about this company, and if they are reputable. If anyone has any information that they could share with me, I would greatly appreciate it. |
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smithsussane
Joined: 18 Sep 2008
Posts: 3738
Location: Alaska
561.45 Dollars($)
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| Posted: Wed Mar 11, 2009 7:48 pm Post subject: |
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Hi beatricellen!
Welcome to forums!
As far as I know, Advanced Financial Services is an approved servicer of Fannie Mae and Freddie Mac loans. It also has FHA direct endorsement approval. Apart from this, it is also an active member in the Mortgage Bankers Association (MBA).
Some of the community members and experts have given their opinion about Advanced Financial Services in this forum. You can check out their opinion in the given page:
http://www.mortgagefit.com/know-how/about5856.html
Feel free to ask if you have further queries.
Sussane |
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jpando
Guest
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| Posted: Wed Jun 10, 2009 11:38 am Post subject: direct endorsment lender |
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| what is a direct endorsment lender? |
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jenkin7
Joined: 04 Jun 2007
Posts: 3430
Location: Hawaii
514.35 Dollars($)
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| Posted: Fri Jun 12, 2009 3:30 am Post subject: |
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Hi jpando,
Direct endorsement lenders are those HUD-approved lenders who are allowed to conduct processing, underwriting and closing of FHA single family loans without the prior approval of FHA. Borrowers can also get mortgage insurance directly with a direct endorsement lender. It makes the process of originating loans much easier and faster. |
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brian3
Joined: 09 Jun 2009
Posts: 80
21.31 Dollars($)
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| Posted: Fri Jun 12, 2009 6:41 am Post subject: |
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Direct endorsement is the way to go like Jenkin is saying if they approve your loan its a firm commitment
_________________
Brian F. Foster
Mortgage Banker
BFF Mortgage
7057 John F. Kennedy Blvd
North Bergen, NJ 07047
201-305-5149
First Residential Mortgage: Licensed direct lenders in NY, NJ, CT, PA, FL, VA, MD, NC, SC, TX |
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RN4005
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| Posted: Wed Jul 15, 2009 11:47 am Post subject: AFS REputation |
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 Just finished refinance with AFS, fantastic. Took 3 weeks and all went smooth. Paid of 18% credit cards with 5% AFS Loan and now even lower mortgage rate. You need to get all your ducks in a row first... good credit or don't try: know your home value and don't expect that you might luck out with higher than worth value. Have past two years of tax returns ready and off you go. Went extremely fast and smooth. Thanks, Jen at AFS. Russ
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Need help choosing the right loan? Get free consultation from community lenders/consultant |
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aqualeo
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| Posted: Sat Jul 18, 2009 11:35 pm Post subject: |
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I received the unsolicited pamphlet from this company claiming pre-approval and a specific amount I can borrow up to. Did they really check my credit score and approve me or is this just something they send to everyone? I know they looked into my personal finances somewhat because the amount of my mortgage is listed on the back. Are the figures in the offer based solely on info concerning my current debts, making the entire deal contingent on having a high enough credit score when they do check it?
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Need help choosing the right loan? Get free consultation from community lenders/consultant |
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dollylee9
Joined: 19 Jul 2009
Posts: 63
-0.18 Dollars($)
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| Posted: Sun Jul 19, 2009 4:41 am Post subject: |
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| direct endorsement is firm commitement from lender side or borrower side? |
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AKornegay
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| Posted: Fri Jul 31, 2009 5:50 am Post subject: AFS Mortgage |
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Dont waste your time and money with AFS. Everything seemed to go well at first then I paid the $375 for the home survey then I never heard from them again. They are crooks. When I called the customer service rep I was given the email address to they top dog so I emailed him. No surprise that I did not hear from him either. They will just take your money and leave you depressed. You are better off going with a local mortgage lender from your area and stay away from lenders that send you mailings promising you the world. They are just cons. Keep your money local and learn from my misfortune.
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Need help choosing the right loan? Get free consultation from community lenders/consultant |
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Anno
Guest
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| Posted: Fri Sep 11, 2009 10:24 am Post subject: AFI |
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| Don't waste your time. This company has taken 3 months to approve a loan and it is still not done. They have cost me thousands because they knew it had to be done by a certain date and it wasn't. Please, trust me go someplace else. |
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