ALBERT LEA, Minn., Nov. 9, 2011 (GLOBE NEWSWIRE) -- AmeriNational Community Services, Inc. is pleased to announce that it has been selected by the Minnesota Housing Finance Agency (Minnesota Housing) to sub-service their junior lien loan portfolio.
"AmeriNational has a great reputation and we look forward to a long and productive relationship with them," said Mike Haley, Assistant Commissioner of Minnesota Housing.
Minnesota Housing offers financial assistance to low- and moderate-income Minnesotans through down payment assistance loans and residential rehabilitation loans. They are a leader in an alliance of government, private sector, non-profit and faith-based community interests working to affordably house Minnesotans. Since 1971, Minnesota Housing has invested more than $8.7 billion and assisted more than 750,000 households.
AmeriNational's Chairperson & CEO/CFO, Adrienne Thorson expresses, "We are proud to add Minnesota Housing to our client list. As a leader in promoting affordable housing in Minnesota, their goals and objectives align perfectly with our company's vision to play an integral role in increasing the availability and quality of affordable housing nationwide. The Minnesota Housing staff are dedicated, hard working individuals and we look forward to working hand in hand with them and their borrowers."
About AmeriNational Community Services, Inc.
AmeriNational is a high-touch professional services firm with a strong background providing portfolio management services for housing agencies and municipal clients throughout the country. AmeriNational specializes in servicing loans made by cities, counties and other agencies under government-sponsored affordable housing programs as well as for various non-profit organizations including Habitat for Humanity affiliates across the nation. Other services include loan underwriting and document preparation, loss mitigation, funds disbursement, site inspections, tax credit monitoring and wage compliance monitoring. AmeriNational is a subsidiary of American Bank of St. Paul and has offices in Albert Lea, Minnesota, Baltimore, Los Angeles, and Tampa. For more information on AmeriNational, please visit www.amerinational.net.
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