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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)

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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


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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