HomeBridge Financial Services is an independent mortgage lender licensed to originate loans in 49 states and with retail branches in 35 states. It offers traditional mortgage products, such as fixed rate and adjustable rate mortgages, but also offers a wide variety of “niche” products, including Interest Only, Construction to Perm, and Energy Efficient Mortgage. The company says that it will soon be among the country’s largest nonbank mortgage lenders, and with 3,000 associates and 250 retail operations, that prediction may soon come true.
HomeBridge has two wholesale divisions: REMN Wholesale and HomeBridge Wholesale. REMN Wholesale is located in New Jersey, while HomeBridge Wholesale is in California. Both wholesale divisions offer conventional, Jumbo, USDA and VA loans.
On February 2 of 2017, HomeBridge purchased the operating assets of Prospect Mortgage. The purchase resulted in approximately 500 mortgage loan originators, 413 operations and 246 corporate associates transitioning from Prospect to HomeBridge. It was this purchase that pushed HomeBridge among the largest nonbank mortgage lenders and made them a much more noticeable player on the field.
In 2016, HomeBridge funded almost $10 billion in home loans, and its servicing portfolio totaled $17 billion as of January 2017.
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