American Direct Funding Posts Record Quarter; American Home Bank's Branch Operator Division, American Direct Funding, Attracts Premier Talent and Achieves Top Results.MOUNTVILLE, Pa. -- American Home For the American mortgage lender, see . The American Home is a center of intercultural exchange located in Vladimir, Russia. The home is designed to model a typical American suburban home and its main focus is the ESL school that provides lessons for Russian students. Bank, N.A. is pleased to announce that American Direct Funding (ADF (1) (Application Development Facility) An IBM programmer-oriented mainframe application generator that runs under IMS. (2) (Automatic Document Feeder) A paper stacker that feeds one sheet of paper at a time into the unit. ), the division of American Home Bank designed exclusively for the industry's top mortgage professionals, experienced record growth in the 2nd quarter of 2006. ADF produced just over $100 million in new mortgage applications for the period ending June 30, 2006. "We are extremely pleased with the quality of people this business model attracts," remarked James Deitch, Chairman and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. . "We've recruited and hired some of the top producers from large banks and mortgage companies. These professionals through ADF have access to mortgage products from multiple national conduits, outstanding American Home Bank service and extremely competitive pricing and product features," Deitch continued. ADF has recently expanded its operations in Pennsylvania, Maryland, New York Maryland is a town in Otsego County, New York, United States. The population was 1,920 at the 2000 census. The Town of Maryland is on the county's south border, and was named for the U.S. state of the same name. , New Jersey, Ohio and Virginia. The company plans to continue its growth by attracting experienced mortgage professionals who generate yearly volumes greater than $30 million and have a professional book of business. "American Direct Funding provides our professionals with the benefits of a national bank charter coupled with a multi-lender platform," explained Jason J. Lloyd, ADF Senior Vice President. "We listened to the market place and discovered that builders and realtors want their mortgage professionals to have more products, better pricing, and most importantly Adv. 1. most importantly - above and beyond all other consideration; "above all, you must be independent" above all, most especially , greater control of the loan process. That is why we created American Direct Funding." American Home Bank, founded in 2001, was named the Fastest Growing Company in Central Pennsylvania in 2005 by the Central Penn Business Journal The Central Penn Business Journal is a weekly business newspaper serving the Harrisburg, Pennsylvania metropolitan area. It has a circulation of approximately 10,000 and is the only comprehensive source of local business information in central Pennsylvania. . The Bank's focus on mortgage lending, specifically the Construction to Permanent market, has resulted in approximately $3 billion in closed loans from inception through 2005. In addition to American Direct Funding, the bank has multiple divisions and affiliates in the retail, wholesale and correspondent mortgage business as well as joint venture mortgage partnerships with premier builders on the East Coast. The Bank's growth has also resulted in it being ranked the #1 mortgage lender in Central Pennsylvania for 2002, 2003, 2004 and 2005 as well as the fastest growing bank for the last four years in Central Pennsylvania by the Central Pennsylvania Business Journal. The American Home Bank corporate headquarters is located at American Way Corporate Center, 3840 Hempland Road, Mountville, PA. American Home Bank is a member FDIC FDIC See: Federal Deposit Insurance Corporation FDIC See Federal Deposit Insurance Corporation (FDIC). and an Equal Housing Lender The terms Equal Housing Lender and Equal Opportunity Lender are synonymous and refer to all FDIC insured banks in the United States. Such banks are prohibited from discriminating on the basis of race, color, religion, national origin, sex, handicap, or familial status. . |
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