American Bancshares Celebrates 20 Years of Mortgage Lending Excellence

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Privately held residential mortgage lender announced today that April marks the 20th anniversary of the firm’s founding

American Bancshares, a privately held residential mortgage lender based in South Florida, announced today that April 2015 marks the 20th anniversary of the firm’s founding. The company funded its first loan in April 1995.

“I want to thank all our employees, partners and especially our customers for helping us get here. We are extremely proud to have served the residential community in the area for two decades. Our service is building on a rich 20-year heritage based on responsible lending, competitive rates and exceptional service,” said the company’s Founder & President, John Cosculluela, CMB.

Once a single-location entity, American Bancshares has since expanded, with eight branch offices located in Dade and Broward counties. Today, the company combines state-of-the-art technology with old-fashioned customer service to streamline the lending process. Customer support and retention are at the core of its business plan, with the ability to adapt to an ever-changing market.

In October 2013, the company was granted approval by the Federal National Mortgage Association (Fannie Mae) to be a Fannie Mae seller-servicer, able to sell loans while retaining its mortgage servicing rights. The company is approved in 13 states, with plans to get approved in more states and open more branches.

American Bancshares continues its long lending history, following a plan of smart, sustained growth. “Following the turbulent mortgage lending years of the recent past, the National Association of Mortgage Brokers saw its membership shrink by nearly two-thirds. Our thriving through this period is a testament to our commitment to serving our clients with commitment, transparency and integrity. I’m proud of our entire organization and our 150 incredible and motivated staff,” added Cosculluela.

About American Bancshares Mortgage LLC
American Bancshares Mortgage LLC is a privately held, direct endorsement mortgage lender headquartered in Miami Lakes, Florida. Incorporated in 1995, the company is self-funded and accepts, processes and underwrites mortgage loan applications. The company is an approved Fannie Mae Seller/Servicer (Federal National Mortgage Association), an FHA Direct Endorsed Lender (Federal Housing Administration), VA Lender (Veterans Administration) and USDA Lender (United States Department of Agriculture. The company’s loan officers are all NMLS licensed, receiving ongoing training to remain up-to-date on ever-changing State and Federal lending regulations. In addition, the staff is licensed by the Florida Department of Financial Regulation.

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