American Financial Resources appoints new CEO and COO

By Housing News


American
Financial
Resources

(AFR)
on
Wednesday
announced
the
promotions
of

Robert
Pieklo

to
CEO
and

Michael
Brenning

to
chief
operating
officer.

The
leadership
changes
follow
the
company’s
record-breaking
first
quarter
in
which
AFR
said
it
quadrupled
its
Q1
2024
loan
origination
volume,
including
a
nearly
700%
increase
in
production
in
the

wholesale
channel

alone.

Per

Modex

data,
AFR’s
year-to-date
mortgage
sales
volume
is
$106.82
million.

Pieklo,
who
was
appointed
as
COO
following

AFR’s
acquisition

by

Proprietary
Capital

in
February
2024,
now
steps
into
the
role
of
leading
the
company.

“I’m
incredibly
grateful
to
step
into
the
role
of
CEO
and
lead
this
great
organization
into
the
next
chapter
of
this
growth
story,”
Pieklo
said
in
a
statement.
“This
industry
is
not
for
the
faint
of
heart,
and
AFR’s
momentum
reflects
our
team’s
alignment
around
a
shared
vision.

“It
is
not
[a]
coincidence
that
our
growth
accelerated
after
Michael
Brenning
joined
the
team

and
while
I’m
honored
to
take
on
the
CEO
title,
I’m
even
more
excited
to
see
Michael
step
into
the
COO
role
he’s
more
than
earned.”

Brenning,
who
joined
the
company
last
year
as
its
head
of
production,
will
continue
as
the
new
COO
to
focus
on
optimizing
internal
processes
and
driving
long-term
growth
through
innovation
and
collaboration.

“It’s
an
honor
to
take
on
this
role
and
continue
working
alongside
such
a
passionate
and
committed
team,”
Brenning
said.
“Our
growth
is
fueled
by
the
trust
our

brokers

and

correspondents

place
in
us.
We’ll
keep
investing
in
ways
to
make
their
lives
easier
and
their
businesses
stronger.

“We
know
what
it
takes
to
win,
and
AFR
will
be
shoulder
to
shoulder
with
our
partners
as
we
build
the
future

together.”

 

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