New American Funding Grows With The Acquisition Of Marketplace Home Mortgage
New American Funding announced the acquisition of Marketplace Home Mortgage yesterday, with hopes to help expand its reach. With Marketplace Home Mortgage ranked 264th in the U.S. in terms of performance, the acquisition could likely help New American Funding move up from its spot at 30.
"Marketplace President Keith White said that being acquired by New American Funding will help the company grow in a tougher mortgage market," according to HousingWire.
“Becoming part of New American Funding accelerates the growth plans we put into place several years ago. The current market is one that some lenders view as challenging, but we view it as a magnificent opportunity that is increased by the industry-best platform brought by New American Funding,” said White.
New American Funding CEO Rick Arvielo revealed that the cultural and business alignment of both brands and the geographic advantage the acquisition brings makes the move a no brainer for the company.
To learn more about this acquisition, click on the image above.