Newport, RI Company Adds 400th Employee

Newport, RI, September 05, 2009 --( Advanced Financial Services (AFS), with over 110 hires year-to-date, surpassed 400 employees this month. The company credits the Governor’s Workforce Board and the Rhode Island Economic Development Corporation for supporting its growth by awarding it a $77k Job Creation Grant.

The bulk of Advanced Financial Services’ employees work within the 75,000 square foot two-building campus in Newport, Rhode Island. The space has recently undergone extensive renovations in order accommodate its continued growth objectives.

Two new divisions – internet origination and retail origination – along with the commensurate employee services needed to support these recent launches constitute the majority of job growth. These new employees join a company that has been recognized four straight years as the “Best Place to Work in Rhode Island”; and five times as one of the “50 Best Small and Medium-sized Companies to Work for in America” (both by the Society of Human Resource Management and the Great Place to Work Institute).The Providence Business News ranked (by 2008 revenue) AFS as the 33rd “Top Private Company” in Rhode Island in its August 31 – September 6, 2009 edition.

Advanced Financial Services (AFS) is a residential mortgage lender, headquartered in Newport, Rhode Island, and operating in 46 states nationwide. Last year, its 300 employees originated over $1.3 billion in loans, helping over 10,000 homeowners achieve their financial goals. AFS is an approved lender by Fannie Mae, Freddie Mac, FHA, Ginnie Mae and an active member in the Mortgage Bankers Association. AFS was founded in 1983 by CEO Dennis Hardiman.

Additional information is available at and

Contact: Derek Lombard, 800.333.3004 ext. 3097

Advanced Financial Services
Chip Leakas
Derek Lombard, 800.333.3004 ext. 3097