AMERICAN FINANCIAL RESOURCES, INC

Chief Executive Officer

Name	Role	Address
RICHARD DUBNOFF	Chief Executive Officer	9 SYLVAN WAY, PARSIPPANY, NJ, United States, 07054

DOS Process Agent

Name	Role	Address
C/O CORPORATION SERVICE COMPANY	DOS Process Agent	80 STATE STREET, ALBANY, NY, United States, 12207

Agent

Name	Role	Address
CORPORATION SERVICE COMPANY	Agent	80 STATE STREET, ALBANY, NY, 12207

History

Start date	End date	Type	Value
2012-04-03	2019-11-06	Address	187 WOLF RD, STE 101, ALBANY, NY, 12205, USA (Type of address: Service of Process)
2010-03-25	2012-04-03	Address	9 SYLVAN WAY, PARISIPPANY, NJ, 07054, USA (Type of address: Principal Executive Office)
2010-03-25	2012-04-03	Address	9 SYLVAN WAY, PARISIPPANY, NJ, 07054, USA (Type of address: Chief Executive Officer)
2010-03-25	2012-04-03	Address	187 WOLF ROAD, STE. 101, ALBANY, NY, 12205, USA (Type of address: Service of Process)
2008-04-09	2010-03-25	Address	273 E MAIN ST, DENVILLE, NJ, 07834, USA (Type of address: Principal Executive Office)
2008-04-09	2010-03-25	Address	273 EAST MAIN ST, DENVILLE, NJ, 07834, USA (Type of address: Chief Executive Officer)
2004-10-06	2010-03-25	Address	187 WOLF ROAD, STE. 101, ALBANY, NY, 12205, USA (Type of address: Service of Process)
2004-10-06	2019-11-06	Address	187 WOLF ROAD, STE. 101, ALBANY, NY, 12205, USA (Type of address: Registered Agent)
2002-04-10	2008-04-09	Address	267 US HWY 46 EAST, DENVILLE, NJ, 07834, USA (Type of address: Chief Executive Officer)
2002-04-10	2008-04-09	Address	267 US HWY 46 EAST, DENVILLE, NJ, 07834, USA (Type of address: Principal Executive Office)
2000-04-24	2002-04-10	Address	80 POMPTON AVE, VERONA, NJ, 07044, USA (Type of address: Chief Executive Officer)
2000-04-24	2002-04-10	Address	80 POMPTON AVE, VERONA, NJ, 07044, USA (Type of address: Principal Executive Office)
1998-04-07	2004-10-06	Address	80 STATE STREET, ALBANY, NY, 12207, USA (Type of address: Service of Process)
1998-04-07	2004-10-06	Address	80 STATE STREET, ALBANY, NY, 12297, USA (Type of address: Registered Agent)

Filings

Filing Number	Date Filed	Type	Effective Date
220425001246	2022-04-25	BIENNIAL STATEMENT	2022-04-01
200429060275	2020-04-29	BIENNIAL STATEMENT	2020-04-01
191106000609	2019-11-06	CERTIFICATE OF CHANGE	2019-11-06
180423006054	2018-04-23	BIENNIAL STATEMENT	2018-04-01
160401006314	2016-04-01	BIENNIAL STATEMENT	2016-04-01
140403006226	2014-04-03	BIENNIAL STATEMENT	2014-04-01
120403002714	2012-04-03	BIENNIAL STATEMENT	2012-04-01
100325003044	2010-03-25	BIENNIAL STATEMENT	2010-04-01
080409002483	2008-04-09	BIENNIAL STATEMENT	2008-04-01
060620002416	2006-06-20	BIENNIAL STATEMENT	2006-04-01
041006000273	2004-10-06	CERTIFICATE OF CHANGE	2004-10-06
040513002514	2004-05-13	BIENNIAL STATEMENT	2004-04-01
020410002870	2002-04-10	BIENNIAL STATEMENT	2002-04-01
000424002878	2000-04-24	BIENNIAL STATEMENT	2000-04-01
980407000524	1998-04-07	APPLICATION OF AUTHORITY	1998-04-07

CFPB Complaint

Complaint Id

Date Received

Issue

Product

3765745

2020-07-27

Problem with a credit reporting company's investigation into an existing problem

Credit reporting, credit repair services, or other personal consumer reports

Issue	Problem with a credit reporting company's investigation into an existing problem
Timely	Yes
Company	American Financial Resources, Inc.
Product	Credit reporting, credit repair services, or other personal consumer reports
Sub Issue	Investigation took more than 30 days
Sub Product	Credit reporting
Date Received	2020-07-27
Submitted Via	Web
Company Response	Closed with explanation
Consumer Disputed	N/A
Date Sent To Company	2020-07-27
Consumer Consent Provided	Consent not provided

2915112

2018-05-22

Trouble during payment process

Mortgage

Issue	Trouble during payment process
Timely	Yes
Company	American Financial Resources, Inc.
Product	Mortgage
Sub Product	Conventional home mortgage
Date Received	2018-05-22
Submitted Via	Web
Company Response	Closed with explanation
Consumer Disputed	N/A
Date Sent To Company	2018-05-22
Complaint What Happened	I am writing in an effort to get my mortgage servicer, and by extention, my PMI provider, to automatically cancel my monthly mortgage insurance premiums. I have been in touch with AFR-American Financial Resources on many occasions over the past several months. Initially to request that my PMI be cancelled once my LTV reached 80 % and then, because they were making my life so difficult, I decided to wait until it would be automatically terminated. Or so I thought. My understanding is that, as long as my account is current, and my payment history has been clean, and my Loan to Value ( LTV ) breaches 78 %, the PMI is required to be terminated immediately. I called at the point that it reached 78 % and was told many reasons why it was not applicable. One representative told me that I had not reached the chronological midpoint of my amortization schedule, and that until that happened I would not have the PMI automatically cancelled. Another told me that they received some indication that the value of my home had decreased in value from the point I had taken the mortgage, and for that reason I would not be able to cancel or terminate the PMI. My understanding of the Federal Law is that once I breach 78 % LTV ( it is now 75 % ) they are obligated to terminate immediately. I do not believe either of those reasons are relevant in this case. Those are items that come into play if I am requesting that my PMI be cancelled ( at LTV 80 % ) My fear is that this is not an isolated incident, and that many other folks are having the same experience, perhaps less able to pay this unfair and added charge, Even if it turns out to be 1, 2, or 3 additional payments past the 78 % LTV mark, if you consider the number of potentially affected mortgages, we could be talking about tens of millions of dollars in unwarranted payments. Thus the size of this potential windfall might be a motivating factor in delaying the required termination process, which of course sets up the possibility of a class action offense. There is much more detail that I could provide, and several unkept promises from the service desk during this unending process, but the information mentioned above are the key facts.
Consumer Consent Provided	Consent provided

1375727

2015-05-14

Loan servicing, payments, escrow account

Mortgage

Issue	Loan servicing, payments, escrow account
Timely	Yes
Company	American Financial Resources, Inc.
Product	Mortgage
Sub Product	FHA mortgage
Date Received	2015-05-14
Submitted Via	Web
Company Response	Closed with explanation
Consumer Disputed	No
Date Sent To Company	2015-05-14
Complaint What Happened	My mortgage loan was modified in XXXX by XXXX XXXX at that time an escrow analysis was completed and my payment increased {$17.00}. My loan was transferred to American Financial Resources in XXXX XXXX. I recently recieved a statement from this company advising that I have an escrow shortage of {$2000.00}! I called and spoke with a customer service rep who was rude, and basically told me yes the previous servicer did not complete an escrow analysis which is a direct result of the large shortage but we cant do anything about that now as the new servicer and the funds were already advanced to pay your taxes. This is a clear RESPA violation that no one wants to take responsbility for and put it on the consumer. This money should not be only me to come up with this is the servicers error and they should take full responsibility and take the loss! I then emailed the servicer requesting an escrow spread as I do not have the funds to pay the shortage in full and beginning XXXX/XXXX/XXXX they are increasing my payment {$180.00} to cover the shortage over 12 months. I can not afford this error that was not mine I pay my mortgage payment and it is the responsibility of the servicer of my loan to pay my taxes and insurance out of my escrow account and to also review annually to ensure funds are available for these advancements. I am a single mother, living paycheck to paycheck and i refuse to be taken advantage of my money is hard earned! I have not heard anything back from the request to spread the escrow shortgage over 5 years and the request was sent XXXX/XXXX/XXXX. I will not stop here with the complaints I will make a RESPA complaint as well as go to the media and social media if necessary, please help!
Consumer Consent Provided	Consent provided

460908

2013-07-18

Loan modification,collection,foreclosure

Mortgage

Tags	Older American
Issue	Loan modification,collection,foreclosure
Timely	Yes
Company	American Financial Resources, Inc.
Product	Mortgage
Sub Product	Other mortgage
Date Received	2013-07-18
Submitted Via	Referral
Company Response	Closed with explanation
Consumer Disputed	No
Date Sent To Company	2013-08-02
Consumer Consent Provided	N/A

1109830

2014-11-10

Settlement process and costs

Mortgage

Issue	Settlement process and costs
Timely	No
Company	American Financial Resources, Inc.
Product	Mortgage
Sub Product	FHA mortgage
Date Received	2014-11-10
Submitted Via	Postal mail
Company Response	Closed with explanation
Consumer Disputed	No
Date Sent To Company	2014-11-14
Consumer Consent Provided	N/A

3186753

2019-03-21

Trouble during payment process

Mortgage

Issue	Trouble during payment process
Timely	Yes
Company	American Financial Resources, Inc.
Product	Mortgage
Sub Product	FHA mortgage
Date Received	2019-03-21
Submitted Via	Web
Company Response	Closed with explanation
Consumer Disputed	N/A
Date Sent To Company	2019-03-21
Complaint What Happened	This is my second complaint submitted in which my first complaint was regarding my mortgage servicer reporting my account late in XX/XX/XXXX in which I have not received written response from the servicer regarding resolution and my account is still reported late for XXXX. This current complaint is in regards to my escrow. AFR is in violation of regulatory servicing requirements as an escrow analysis can only be done once every 12 months. AFR completed an escrow analysis and mailed me a statement dated XX/XX/XXXX for analysis period of XXXX in which there was an escrow shortage of XXXX and my payment would be increasing XX/XX/XXXX {XXXX}. I now recieved another escrow analysis dated XX/XX/XXXX in which they claim I now have a shortage of {XXXX} for an analysis period of XXXX. I called them today XX/XX/XXXX and got a very rude unhelpful representative whom couldnt and wouldnt answer why another analysis was completed and questioned if I requested the XXXX statement multiple times as I told her I dont call in I just pay my payment every month I did not request anything from them. She ended my call with muttering an email address to send a request for research my escrow issues. I had a loan modification in XXXX in which ever since then my escrow has a shortage. I believe my modification was done incorrectly which is causing these escrow shortages to occur. I want a written response from the company regarding both complaints and resolution. Its unfortunate that I have to submit complaints with the bureau to attempt to get resolution.
Consumer Consent Provided	Consent provided

Name:	AMERICAN FINANCIAL RESOURCES, INC.
Jurisdiction:	New York
Legal type:	FOREIGN BUSINESS CORPORATION
Status:	Active
Date of registration:	07 Apr 1998 (27 years ago)
Entity Number:	2247083
ZIP code:	12207
County:	New York
Place of Formation:	New Jersey
Principal Address:	9 SYLVAN WAY, PARSIPPANY, NJ, United States, 07054
Address:	80 STATE STREET, ALBANY, NY, United States, 12207

AMERICAN FINANCIAL RESOURCES, INC.

Company Details

Chief Executive Officer

DOS Process Agent

Agent

History

Filings

CFPB Complaint

Related by officers

Related by address