Freedom Mortgage has finalized its acquisition of Pennsylvania-based J.G. Wentworth Home Lending as part of its expansion in the mid-Atlantic region.
Freedom Mortgage said that it would expand to the new market through J.G. Wentworth Home Lending’s $6 billion annual mortgage volume and $6 billion servicing portfolio, as well as its 571 employees in more than 35 offices across the US.
"J.G. Wentworth Home Lending's excellent track record of serving first-time and veteran homebuyers make them a perfect addition to Freedom Mortgage," said Stanley Middleman, founder and chief executive officer of Freedom Mortgage. "By combining strengths, we'll be able to provide affordable home financing options to even greater numbers of borrowers, so they may achieve the American dream of homeownership. We look forward to working together."
"We are very pleased to enter this next chapter in our company's history," said Phil Buscemi, President of J.G. Wentworth Home Lending. "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."