AFN Plans to Keep Agenda Flexible.(American Foreclosure Network)

A new organization, the American Foreclosure Network, has been formed to serve the financial services industry.

The AFN's new executive director, William LeRoy, says the group will remain flexible and likely see its mission grow beyond just serving the foreclosure niche.

"As the industry grows and changes, those of us that work within it must grow and change as well. In a very true sense the industry itself is the formative force behind the AFN. Our management team believes that in order to remain dynamic an organization must remain open," Mr. LeRoy told NMN.

As it stands today, the AFN is a trade organization that provides the traditional services such groups provide - education, conferences, and onsite training, for instance.

But Mr. LeRoy said the AFN's agenda is subject to change based on what its clients want. Each client's needs may be different and their needs may change over time. As a result, the group wants to remain malleable so that it can adjust as changes occur within the financial services industry.

He said the lending industry "is a microcosm composed of many individual parts and pieces."

"In order to function property each piece must understand its place within the whole and work to complement the other pieces."