Advanced Financial Inc. reports 183% increase in mortgage loan applications for February 1996.SHAWNEE Shawnee, cities, United States Shawnee (1 shô`nē', shô'nē`; 2 shô'nē`). 1 City (1990 pop. 37,993), Johnson co., NE Kans., a residential suburb of Kansas City; founded 1857, inc. 1922. , Kan.--(BUSINESS WIRE)--March 19, 1996--Advanced Financial Inc. (ASE (Adaptive Server Enterprise) A relational DBMS from Sybase that runs on Windows NT/2000, Linux and a variety of Unix platforms. ASE is a comprehensive and robust data management product with a long history dating back to the late 1980s. :AVF AVF Arteriovenous Fistula AVF All Volunteer Force AVF American Vineyard Foundation AVF Azimuthally Varying Field AVF Ada Validation Facility AVF Augmented Voltage Foot (EKG lead) AVF Average Value Factor ), a full service residential mortgage banking company, reported Tuesday that it originated 210 new loan applications for $19.5 million during the month of February 1996. This compared to 83 loans for $6.9 million for the same period a year ago, an increase of 183%. Loan closings for the month of February totaled $9.6 million compared to $2.6 million for the same period a year ago, an increase of 270%. During the past 12 months, the company has closed approximately $108.7 million in new loan production compared to $50.4 million for the previous 12 months, an increase of 99%. In January of 1995, the company kicked off its strategy for generating retail loan originations The examples and perspective in this article or section may not represent a worldwide view of the subject. Please [ improve this article] or discuss the issue on the talk page. directly within real estate offices through its Desk Top Loan Origination Network. During this period, the company has installed 37 sites with an additional 25 applications for installations pending. It is anticipated that as these sites mature they will generate an average of $500,000 a month in closed loan production per site. Therefore, the company anticipates that with its current sites and future installations, 1996 loan production will exceed $200 million. Advanced Financial Inc. (AFI AFI American Film Institute AFI Awaiting Further Instructions AFI Armed Forces Insurance AFI A Fire Inside (band) AFI Air Force Instruction AFI Australian Film Institute AFI Agencia Federal de Investigación ) is an American Stock Exchange American Stock Exchange (AMEX) Stock exchange in the U.S. Originally known as “the Curb,” it began as an outdoor marketplace in New York City c. 1850. It moved indoors to its present location in the Wall Street area in 1921. listed holding company with principal operations conducted through its wholly owned AFI Mortgage Corp. subsidiary, a full service residential mortgage banking company originating and servicing single-family first and second mortgage loans. CONTACT: Advanced Financial Inc., Shawnee Brad Morris, 913/441-2466 |
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