Milestone Year off to a Strong Start
Mount Laurel, NJ – May 13, 2015 – Freedom Mortgage Corporation, a privately held, full-service non-bank mortgage lender licensed in all 50 states, continues to increase volume. The company is now among the top ten largest mortgage lenders in the United States.
"Volume continues to grow in our Correspondent, Wholesale and Retail channels and business is emerging from our newer initiatives; Servicing, Commercial Real Estate, Financial Institutions Partners Group and Small Business Lending," said Freedom Mortgage CEO Stanley C. Middleman. "Interest rates and other variables shift production, so each of our channel platforms is engineered to scale to volume needs. We continue to invest in our technology and support functions for best in class performance, sharper pricing and national growth," he said.
This year marks 25 years of operations for Freedom Mortgage (1990 – 2015). The year is off to a strong start with 500 new positions elevating employee count to over 3000 nationwide. The company is also making historical strides internally by shattering ambitious volume goals in originations and funding.
"Freedom Mortgage is interested in creating opportunities for our employees, company, business partners, investors, and especially our customers," Middleman said. "It has been our formula for success, to responsibly foster homeownership while planning for what’s next as our industry continues to evolve," noted Middleman. "We are always on the lookout for companies wishing to work with us or to join us and benefit from our size, scope and employee-centric environment," he said.
About Freedom Mortgage
Freedom Mortgage is a non-bank, full-service mortgage company that provides mortgage loan servicing and originations through retail, wholesale, and correspondent channels. As the nation’s fifth largest mortgage provider, licensed in all 50 states, Freedom Mortgage is renowned for providing world-class service to its clients, borrowers and partners. The company was founded in 1990 and is headquartered in Mount Laurel, New Jersey. For more information, please visit www.FreedomMortgage.com.
Freedom Mortgage Corporation is a privately held company. This press release may be deemed to contain forward-looking statements, which are subject to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995, including statements regarding the expected benefits to consumers from using Freedom Mortgage Corporation’s services. Readers are cautioned that these forward-looking statements are only predictions and may differ materially from actual future events or results due to a variety of risks and uncertainties. Any forward-looking statements in this release are based on limited information currently available to Freedom Mortgage Corporation, which is subject to change, and Freedom Mortgage Corporation will not necessarily update the information.
Audrey Shapiro, Freedom Mortgage Corporation
Jim Hennessy, Strategic Vantage Marketing & Public Relations