Headquartered in Iselin, N.J., HomeBridge is one of the largest privately held, non-bank lenders in the United States. In the last 25 years, HomeBridge has grown to include nearly 3,000 associates throughout its corporate offices, 250 retail branches and two wholesale divisions, HomeBridge Wholesale and REMN Wholesale.
HomeBridge holds FNMA, GNMA, FHLMC, FHA and VA approvals and funded nearly $10 billion in home loans in 2016. The company securitizes the majority of its production and as of January 2017 its servicing portfolio totaled $17 billion.
On February 2, 2017, HomeBridge purchased the operating assets of Prospect Mortgage, LLC from Prospect Holding Company, LLC. In connection with the asset purchase, approximately 500 mortgage loan originators from Prospect, responsible for $8.4 billion in loan production in 2016, became HomeBridge mortgage loan originators.
“HomeBridge’s acquisition of Prospect’s operating assets vastly increases our ability to service the needs of home buyers and the greater housing industry in both existing and new markets. Through the acquisition, we now have improved access to capital while remaining the entrepreneurial and nimble mortgage lender the industry knows us as,” said Peter Norden, Chief Executive Officer of HomeBridge. “As an independent mortgage lender, HomeBridge is an industry leader in its ability to effectively balance profitability and volume, while continuing our commitment to operating in compliance and providing customers with a level of service rarely seen in the financial world.”