start portlet menu bar

Web Content Viewer

end portlet menu bar

Freedom Mortgage Grows Correspondent Lending Program with Co-Issue and USDA Rural Housing Platform

News

Addition of Ginnie Mae to co-issue correspondent program resonates with smaller lenders


USDA Rural Housing platform soars after acquisition from JPMorgan Chase

Mount Laurel, NJ – October 24, 2016 – Freedom Mortgage Corporation, a privately held, full-service mortgage lender licensed in all 50 states, is seeing a significant boost in its expanded correspondent program. Further gains are expected following the addition of the Ginnie Mae PIT program to Freedom's co-issue correspondent program, which also includes Fannie Mae and Freddie Mac. The company's co-issue program provides another option to small and mid-tier lenders to fit the unique needs of their business. Freedom Mortgage launched the co-issue program in February of this year to support the continued growth of its correspondent lenders. The company has continued to broaden its offering to include both Fannie Mae and Freddie Mac as well as Ginnie Mae.

Freedom Mortgage's correspondent program was further expanded in 2016 with the acquisition of JPMorgan Chase's USDA Rural Housing platform, completed in July. Based on the successful transition, the USDA unit recently purchased its highest volumes of the year from correspondent lenders catering to this specialized market. Freedom Mortgage is both the largest FHA/VA lender and the largest USDA lender in the United States.

The addition of Ginnie Mae to the co-issue program is a very logical way to empower our correspondent lenders to grow and achieve greater profitability, said David Sheeler, executive vice president of Freedom Mortgage Correspondent Lending and Servicing Finance. This service offering speaks to the diversity, strength and stability of the Freedom Mortgage organization, as well as to our unwavering focus on our clients and their borrowers. In our continued mission to be the premier investor in the industry, we pride ourselves on our ability to provide a broad array of services and innovative solutions to our clients while remaining flexible in today's market environment, he said. We are focused on long term partnerships and will be proactive in catering to our clients' needs in all market environments.

About Freedom Mortgage

Freedom Mortgage is a national, full-service mortgage banker that provides origination and servicing through retail, wholesale, correspondent and commercial divisions. One of the nation's largest mortgage lenders, the company is licensed in all 50 states, Washington DC and Puerto Rico. Freedom Mortgage is renowned for using the most advanced technologies and providing world-class service to its clients, borrowers and partners. The company was founded in 1990 and is headquartered in Mount Laurel. New Jersey.

Media Inquiries


an icon of an envelope

Contact the general PR mailbox: Public.Relations@FreedomMortgage.com or

Ellen Longo, Vice President of Public Relations: Ellen.Longo@FreedomMortgage.com (609-678-0968)

Recent Press Releases


February 3, 2023


Freedom Mortgage Honored with 2023 National Top Workplaces USA Award

Third time in a row Freedom Mortgage has been identified as a top place to work nationwide

Learn More

January 18, 2023


Freedom Mortgage Honored with Real Leaders Impact Award

The company ranks in the top 25 out of 300 top businesses recognized for incorporating social and environmental impact alongside profits

Learn More

December 27, 2022


Freedom Mortgage Corporation’s Name and Iconic Eagle Land on Popular Waterfront Amphitheater

Learn More
start portlet menu bar

Web Content Viewer

end portlet menu bar

Recent Press Releases


Awards

February 3, 2023


Freedom Mortgage Honored with 2023 National Top Workplaces USA Award

Third time in a row Freedom Mortgage has been identified as a top place to work nationwide

Awards

January 18, 2023


Freedom Mortgage Honored with Real Leaders Impact Award

The company ranks in the top 25 out of 300 top businesses recognized for incorporating social and environmental impact alongside profits

Initiatives

November 1, 2022


Freedom Mortgage Corporation Launches Its Annual Holiday Toy Drive Campaign

Join the company and its employees from Nov. 1-29 to provide holiday gifts to children across the country, supporting Toys for Tots, The Salvation Army, and Children’s Hospital of Philadelphia

News

November 21, 2022


Freedom Mortgage Taps Mike Mell to Lead Wholesale Division

Company launches 4EVER Wholesale campaign to celebrate more than 30 years of serving lenders and brokers — MBA Annual attendees invited to visit booth #701 at Nashville’s Music City Center