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Timothy Yanoti Returns as American Financial Resource President and CFO

American Financial Resources, Inc. (AFR) announced the pleasure of welcoming back Timothy J. Yanoti as President and CFO, where he will be leading the charge for AFR Wholesale as well as the consumer-facing divisions of the company, eLEND and ManufacturedHome.loan.

Having previously served as President of AFR from 2014 to 2018, Tim brings tremendous knowledge of the company, in addition to extensive experience across the mortgage industry with a proven track record of successful leadership.

Yanoti rejoins the AFR team coming from Lincoln Holdings, where he served as CFO and Partner for the mortgage title insurance business. Prior to this, he was Executive VP and Chief Growth Officer for Ocwen where he was responsible for the company's retail, correspondent, bulk, MSR purchase, and reverse businesses. Yanoti found great success in this role, growing annual originations to over $65B and annual profitability to over $150M.

"During my time away from AFR, I've watched the brand continue to grow as a successful leader in the mortgage industry, never wavering from its mission to bring more families home despite market changes," said Timothy Yanoti, President and CFO at American Financial Resources. "Now, just short of five years later, I'm looking forward to stepping back into this role to better serve our customers and partners moving forward, no matter what the future holds."

In addition to his recent endeavors, Yanoti has held several other leadership roles including Head of Global Securitization for GE Capital, Head of Capital Markets for GE Mortgage, Head of Securitization for Fannie, and Senior Vice President and Head of Capital Markets for National City Corporation, where he was also board member of NatCity Investments. This range of experience has only added to Yanoti's knowledge of the industry, which he will once again put into practice to ensure AFR continues to fill in the market's gaps and support the underserved by offering a variety of financing options for eligible borrowers.

"We are so excited to welcome back Tim to support AFR's bright future, knowing that he embodies everything we stand for and has a proven track record of success to push us that extra mile," said Richard Dubnoff, CEO of American Financial Resources, Inc. "As someone who has been an AFR partner for almost a decade, we're confident Tim will jump right back into this role and further our growth as we continue to expand our product offerings."

AFR's mission has always been to help the underserved whether it be first time home buyers, veterans, or families without the budget for a hefty down payment. The team continues to introduce new products based on market demand, including eCASH Home Financing, Manufactured Home Financing, VA Renovation, AFR Advantage Down Payment-Assistance Program, One-Time Close Construction-To-Permanent FHA, VA, and USDA loans. With Yanoti back at the helm of the company, AFR's variety of financing options for eligible borrowers will only continue to expand.

About Author: Demetria Lester

Demetria C. Lester is a reporter for DS News and MReport magazines with more than eight years of writing experience. She has served as content coordinator and copy editor for the Los Angeles Daily News and the Orange County Register, in addition to 11 other Southern California publications. A former editor-in-chief at Northlake College and staff writer at her alma mater, the University of Texas at Arlington, she has covered events such as the Byron Nelson and Pac-12 Conferences, progressing into her freelance work with the Dallas Wings and D Magazine. Currently located in Dallas, Texas, Lester is an avid jazz lover and likes to read. She can be reached at [email protected].
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