Mortgage industry veteran Barry P. Epstein has been named to the newly created position of managing director of wholesale lending at American Business Financial Services Inc., Philadelphia.Mr. Epstein has more than 13 years of experience in building wholesale mortgage divisions, most recently as a principal of Rekaren Inc. (d/b/a We Fund Loans), a loan broker based in West Hills, Calif., ABFS said. He will be responsible for guiding the company's expanding broker origination efforts, including those of its Roseland, N.J.-based subsidiary, American Business Mortgage Services. ABFS can be found on the Web at http://www.abfsonline.com.

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