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Freedom Mortgage Is Nation's Top VA Mortgage Lender in First Quarter 2017

Honors

Company originated 6.2% of all VA loans


VA volume nationwide dropped 28% since fourth quarter 2016

Mount Laurel, NJ – June 14, 2017  Freedom Mortgage, the market leader in government-insured lending, maintained its position as the top VA mortgage lender in the first quarter of 2017. Freedom Mortgage originated $2.7 billion of VA mortgage loans in the first quarter, representing a market share of 6.2%, according to Inside FHA/VA Lending. Refinancing accounted for more than 75% of Freedom Mortgage's VA originations in the quarter.

Market conditions negatively impacted VA volume for lenders nationwide. Lenders closed an aggregate $42.9 billion of VA loans in the first quarter, down 28.1 percent from the fourth quarter of 2016. Eight of the top VA lenders saw large declines in their VA lending, with refinances accounting for just 27.7 percent of total VA production in the first quarter.

We were able to react quickly to rising interest rates and maintain our position in the industry. Freedom Mortgage is honored to be one of the nation's top VA lenders, said Stanley Middleman, president and CEO of Freedom Mortgage. We continue to offer our nation's veterans favorable terms, low down payments and great service, whether they want to buy a new home, refinance or explore a cash out with an existing mortgage.

About Freedom Mortgage

Freedom Mortgage is a non-bank, full-service mortgage company that provides mortgage loan servicing and originations through retail, wholesale, and correspondent channels. As the nation's fifth largest mortgage provider, licensed in all 50 states, Freedom Mortgage is renowned for 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


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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


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Recent Press Releases


Honors

August 15, 2023


Freedom Mortgage Named in the 2023 Inc. 5000 List

Top VA and FHA lender makes prestigious Inc. 5000 list for the ninth time

Awards

July 25, 2023


Freedom Mortgage Honored with 2023 National Top Workplaces Financial Services Industry Award

Second time in a row Freedom Mortgage has been identified as a top place to work in the financial services industry

INITIATIVES

July 11, 2023


Freedom Mortgage Partners with the USO for 11th Annual Rucksacks to Backpacks Campaign

Company encourages everyone to participate in fundraiser to provide children of military families with necessary school supplies and backpacks

News

Jul 5, 2023


NYC Firefighter, Jacqueline Benel, Honored with the Freedom Mortgage 2023 Celebrate Freedom Award

Fourth annual contest to honor a service member or frontline worker. Award presented July 4 at the Wawa Welcome America Festival in Philadelphia.

AWARDS

June 8, 2022


Freedom Mortgage Corporation Ranked a Top Workplace in Central Indiana

This Energage award recognizes exemplary companies in the region; Freedom Mortgage has also received the Top Workplaces Culture Excellence Award Badge in Work-Life Flexibility