Freedom Adds 570 Employees After J.G. Wentworth Home Lending Acquisition
Freedom Mortgage will acquire J.G. Wentworth Home Lending, which happens to be one of the nation's largest direct and retail home mortgage lenders.
"Based in Chesterbrook, Pennsylvania, J.G. Wentworth Home Lending originates more than $6 billion in annual mortgage volume and manages a $6 billion servicing portfolio," according to a press release.
"The company has 571 employees in more than 35 offices nationwide. The acquisition is expected to expand Freedom Mortgage's reach to several new markets, particularly in the mid-Atlantic region, where J.G. Wentworth has a strong presence."
Freedom Mortgage founder and CEO Stanley Middleman is hoping to provide more affordable home financing options to a larger number of borrowers.
"Freedom Mortgage shares our commitment to always put borrowers first and our dedication toward leveraging technology to make the financing process as fast and simple for consumers as possible. We look forward to an exciting future together," said Phil Buscemi, President at J.G. Wentworth Home Lending.
To learn more about the acquisition, click on the image above.