American Business Financial Services, Inc. (NASDAQ: ABFI) is a diversified financial services company operating predominantly in the eastern and central portions of the United States. The company primarily originates, sells and services home equity and business purpose loans through a combination of channels, including its' national processing center located at its' centralized operating office in Philadelphia, Pennsylvania.

Here is a Quick Look at ABFS's Subsidiaries:

American Business Credit

American Business Credit, Inc., also known as ABC, is our commercial finance company. We originate, service and sell business purpose loans that are secured by real estate and we service home equity loans. Our customers are small businesses that may or may not meet all of the credit criteria of banks or other traditional lending sources.

Upland Mortgage

Upland Mortgage is the brand name for HomeAmerican Credit, Inc., also known as HAC, which is our consumer mortgage company. We originate, purchase, service and sell home equity loans. We offer a wide variety of first and second mortgage loans. Our customers are consumers with less than perfect credit who are unlikely to be approved by a bank or other traditional lending sources.

American Business Mortgage Services

American Business Mortgage Services, Inc., also known as ABMS, was founded as New Jersey Mortgage and Investment Corporation in 1938. As a full-service residential lender, we originate, purchase, service and sell home equity loans. We have relationships and affiliations with a wide network of mortgage loan brokers. Together we service customers with less than perfect credit that are unlikely to be approved by a bank or other traditional lending sources.

Bank Alliance Services

Under our Bank Alliance Services program, also known as BAS, we purchase home equity loans from banks which do not meet their underwriting criteria for loans held in the portfolio. We first process these loans for bank approval and funding using underwriting criteria the banks have adopted from us. Our program allows banks to strengthen relationships with their customers, and earn valuable fee income. The real estate secured loans that are made can also contribute to the banks' Community Reinvestment Act obligations.

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