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.
"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, 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, 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 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 and an Equal Housing Lender.