American Home Opens Branch Ops Unit

American Home Bank NA, Mountville, Pa., has announced the opening of the American Direct Funding Division, which allows experienced mortgage professionals at national or regional mortgage companies to become ADF branch operators.Branch operators will have access to major lenders and be able to select from hundreds of loan products provided by Fannie Mae, Freddie Mac, and other major mortgage players, American Home said. ADF will be headed by senior vice president Jason J. Lloyd. "ADF is geared for successful, experienced mortgage originators who have an entrepreneurial spirit but seek the support of a corporate umbrella and the lending power of a national bank," said James Deitch, the company's chief executive officer. "Mortgage professionals will operate independently and receive up to 100% commission payouts. They will have the ability to recruit their own teams and have no barriers to growth." The bank specializes in construction-to-permanent lending.