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AMERICAN FINANCIAL NETWORK, INC.

AMERICAN FINANCIAL NETWORK, INC.

Company Details

Name:	AMERICAN FINANCIAL NETWORK, INC.
Jurisdiction:	New York
Legal type:	FOREIGN BUSINESS CORPORATION
Status:	Active
Date of registration:	16 Jul 2015 (10 years ago)
Entity Number:	4790325
ZIP code:	95833
County:	Kings
Place of Formation:	California
Address:	2804 GATEWAY OAKS DR. #100, SACRAMENTO, CA, United States, 95833
Principal Address:	10 POINTE DR SUITE 330, BREA, CA, United States, 92821

Chief Executive Officer

Name	Role	Address
JOHN R SHERMAN	Chief Executive Officer	10 POINTE DR SUITE 330, BREA, CA, United States, 92821

DOS Process Agent

Name	Role	Address
PARACORP INCORPORATED	DOS Process Agent	2804 GATEWAY OAKS DR. #100, SACRAMENTO, CA, United States, 95833

History

Start date	End date	Type	Value
2023-07-10	2023-07-10	Address	10 POINTE DR SUITE 330, BREA, CA, 92821, USA (Type of address: Chief Executive Officer)
2020-10-16	2023-07-10	Address	10 POINTE DR SUITE 330, BREA, CA, 92821, USA (Type of address: Chief Executive Officer)
2018-12-19	2023-07-10	Address	2804 GATEWAY OAKS DR. #100, SACRAMENTO, CA, 95833, USA (Type of address: Service of Process)
2015-07-16	2018-12-19	Address	16 COURT STREET 14TH FLOOR, BROOKLYN, NY, 11241, 1014, USA (Type of address: Service of Process)

Filings

Filing Number	Date Filed	Type	Effective Date
230710004344	2023-07-10	BIENNIAL STATEMENT	2023-07-01
201016060214	2020-10-16	BIENNIAL STATEMENT	2019-07-01
181219000265	2018-12-19	CERTIFICATE OF CHANGE	2018-12-19
150716000086	2015-07-16	APPLICATION OF AUTHORITY	2015-07-16

CFPB Complaint

Complaint Id

Date Received

Issue

Product

5782964

2022-07-18

Closing on a mortgage

Mortgage

Issue	Closing on a mortgage
Timely	Yes
Company	American Financial Network Inc.
Product	Mortgage
Sub Product	FHA mortgage
Date Received	2022-07-18
Submitted Via	Web
Company Response	Closed with explanation
Consumer Disputed	N/A
Date Sent To Company	2022-07-18
Company Public Response	Company believes complaint caused principally by actions of third party outside the control or direction of the company
Complaint What Happened	On XX/XX/2022 a check of {$17000.00} was sent to the lawyer of a person we are trying to buy a house as agreed. While waiting for the loan to be process, my cosigner back off the buying of the house after she released the price was higher done we were told that exceeded our budget. I informed both my lawyer, the loan processor and the relator, they all understood my explanation and the processor agreed to send me a denial letter. Its be almost 2 months none of this them has return my call or txt. I received a txt message from my lawyer with a letter from the sellers lawyer informing me I have forfeited my {$17000.00}. I called the lawyer he did not pick up my call, the realtor told me there is nothing he can do. I call and txt the loan processor, he also didn't respond to me. I txt my lawyer again about my option and he has still not respond to me.
Consumer Consent Provided	Consent provided

4025153

2020-12-21

Closing on a mortgage

Mortgage

Issue	Closing on a mortgage
Timely	Yes
Company	American Financial Network Inc.
Product	Mortgage
Sub Product	Conventional home mortgage
Date Received	2020-12-21
Submitted Via	Web
Company Response	Closed with explanation
Consumer Disputed	N/A
Date Sent To Company	2020-12-21
Company Public Response	Company believes it acted appropriately as authorized by contract or law
Complaint What Happened	I am a XXXX XXXX XXXX in XXXX, NY. I am representing the seller. We accepted an offer from a buyer on XX/XX/2020 not contingent on the sale of her home. I called the mortgage broker at American Financial Network Inc. to varify and confirm that the buyer was qualified and the purchase was not contingent on the sale of the home. They said it was not. Along the way they asked for 2 extensions and the sellers granted the extension. We we suppposed to close before the end of the year. My sellers are in a contract on a new home based on the sale of their home. Yesterday over two months of dealing with this buyer and mortgage company, her agent and the mortgage broker are now told that she was not approved. Her home is closing this week, so it's beyond the cale of her home .The sellers are devestated, this bank never should have pre-approved her for a mortgage and dragged us along for all this time. Now we are stuck. I want a complaint aganist this mortgage company they are playing unfairly with families lives.
Consumer Consent Provided	Consent provided

5436732

2022-04-12

Applying for a mortgage or refinancing an existing mortgage

Mortgage

Issue	Applying for a mortgage or refinancing an existing mortgage
Timely	No
Company	American Financial Network Inc.
Product	Mortgage
Sub Product	Conventional home mortgage
Date Received	2022-04-12
Submitted Via	Web
Company Response	Closed with explanation
Consumer Disputed	N/A
Date Sent To Company	2022-04-12
Company Public Response	Company believes the complaint is the result of a misunderstanding
Complaint What Happened	This company has given me the runaround. The first employee never proceed with my application. I call to speak to the manager he told me it was canceled because his employee did not continue with my application. I said why? he said he I will assist you. Then he offered me a higher rate because rates went up he said then it will be a conventional loan which will be better he said he send me the disclosures with a higher rate. Then referred my case to his son. Then I reach out to him and then he send me another disclosures with higher rates again I said why I signed the first disclosures are different he said we needed another document from XXXX and they took too long and the date expired I said not fair that was not MY fault I submitted everything in my part!
Consumer Consent Provided	Consent provided

3761414

2020-07-24

Closing on a mortgage

Mortgage

Issue	Closing on a mortgage
Timely	Yes
Company	American Financial Network Inc.
Product	Mortgage
Sub Product	FHA mortgage
Date Received	2020-07-24
Submitted Via	Web
Company Response	Closed with explanation
Consumer Disputed	N/A
Date Sent To Company	2020-07-24
Complaint What Happened	Ive been under contract on a home since XX/XX/2020 and working with American Financial Network for the mortgage loan. On XX/XX/2020 I was informed by my mortgage rep XXXX XXXX that the underwriter was going to deny my loan with only 13 days left to the closing date. She offered no solutions after making so many promises but as a first time home buyer, I guess I didnt know any better. Needless to say, I immediately asked for the denial letter and started shopping for another lender. I have found another lender and need to have the FHA case number/appraisal transferred as well as the denial letter from American Financial Network. I am not only being ignored by loan officer but she then had the nerve to say the loan hasnt actually been denied and that Id have to wait for the letter before she could transfer the file. It is now 12 days till closing, I have sent numerous emails to her and others such as managers and branch relations. If my loan was denied why is it that Im not being provided with the official denial letter to protect me and my earnest money deposit that was given to the seller. Why am I being so mistreated. Its starting to make me wonder if the loan officer has a personal issue with me based on my demographics because she has been non responsive and our communication has been horrible from the beginning of our business transaction. She also had the nerve to ask if I wanted to just cancel the loan with them and risk losing my earnest money ( her words and yes, I have the emails ), of course I replied NO, do not just cancel my loan. At this point, I just want the denial letter to be issued and to be done with this company. I am now 12 days away from closing and I need to move forward ASAP. Maybe by making this complaint, Im shedding light on the injustice thats being done to people like me, people of XXXX.
Consumer Consent Provided	Consent provided

Date of last update: 25 Mar 2025

Sources: New York Secretary of State

AMERICAN FINANCIAL NETWORK, INC.

Company Details

Chief Executive Officer

DOS Process Agent

History

Filings

CFPB Complaint

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