TFS Financial Corporation is the holding company of Third Federal Savings and Loan Association of Cleveland (Association). The principal line of business of the Company is retail consumer banking, including mortgage lending, deposit gathering and other financial services. The Association's loan portfolio includes residential mortgage loans, home equity loans and lines of credit and construction loans. The Association offers checking accounts, savings accounts, and certificate of deposit accounts. The Association’s principal lending activity is the origination of fixed-rate and adjustable-rate, first mortgage loans to purchase or refinance residential real estate. The Association also offers home equity lines of credit in 25 states and the District of Columbia and home equity loans in eight states. It also offers Smart Rate mortgage loans, which contains a feature to re-lock the rate an unlimited number of times at its then-current interest rate and fee schedule.