Bob Telles, chief financial officer at American Financial Network, is a leader in mortgage finance. Under his leadership, AFN adapted its warehouse lines and made other adjustments required to handle the massive increase in loan volume that occurred in 2020, with AFN funding $13.6 billion, a 78% year-over-year increase, which is more than 45,000 units.
As an industry veteran, Telles contributes significantly to AFN’s growth and makes every effort to ensure liquidity and stability. As low-interest rates increased demand across the industry, requiring more warehouse cash to sustain business, Telles secured lines with warehouse banks to ensure AFN had enough warehouse line capacity to meet increasing demands. He is also frequently included in the Mortgage Bankers Association and accounting firms’ discussions regarding accounting tailored for the industry that is done in full accordance with Generally Accepted Accounting Principles and Internal Revenue Service guidelines.
Name:
Bob Telles
Title:
Chief Financial Officer
Company Name:
American Financial Network
