American Financial Resources, Inc. (AFR) Appoints David Margulies as Executive Vice President, Global Sales

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Industry Leader with over 30 Years’ Experience to Expand Retail, Wholesale and Correspondent Channels


Mr. Margulies is a National Mortgage Executive with over thirty years of experience in the mortgage banking industry.

American Financial Resources, Inc. (AFR) one of the nation’s largest independently-owned mortgage lenders and servicers, announced today the hiring of David Margulies, Executive Vice President, Global Sales.

Mr. Margulies is a National Mortgage Executive with over thirty years of experience in the mortgage banking industry. David will lead the already robust sales platform for AFR as well as oversee the acquisition of conventional/government agency and jumbo mortgage products.

Prior to joining AFR, Mr. Margulies worked at Proficio Mortgage Ventures, a wholly owned subsidiary of Proficio Bank, where he served as Executive Vice President/Managing Director, Residential Mortgage Division. He was responsible for Proficio’s national mortgage banking platform, which included production, operations and capital markets.

“We are excited to have David, one of the mortgage industry’s top leaders, join our executive team,” said Richard Dubnoff, CEO of American Financial Resources, Inc. “His incredible leadership, experience and expertise in building large-scale sales channels, will further expand AFR’s capabilities in the retail, wholesale and correspondent aspects of our business.”

American Financial Resources has strengthened its concentration on providing mortgage solutions to retail customers, brokers/bankers and financial institutions by adding strategic assets and quality people to further develop their offerings and enhance their relationships across the mortgage finance industry.

About American Financial Resources, Inc. – Lender NMLS: 2826. AFR is an approved lending institution holding an A+ Accredited rating with the Better Business Bureau (BBB), is a member of the Mortgage Bankers Association (MBA), is an Equal Housing Lender and an Equal Opportunity Employer providing a wide range of loan choices at competitive rates to new and existing customers. Company headquarters is located in Parsippany, New Jersey.

Forward-Looking Statements- American Financial Resources is a privately held company. This press release may be deemed to contain forward-looking statements, which are subject to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995, including statements regarding the expected benefits to consumers from using AFR services. Readers are cautioned that these forward-looking statements are only predictions and may differ materially from actual future events. Any forward-looking statements in this release are based on limited information currently available to AFR, which is subject to change, and AFR will not necessarily update the information.

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Angel Bell, Vice President

Angel Bell
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