start portlet menu bar

Web Content Viewer

end portlet menu bar

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


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


May 9, 2023


NAMB, Freedom Mortgage Wholesale Launch First Certified Education Program

Education partnership will offer mortgage brokers training to expand their loan offerings to serve the underserved and homebuyers with limited downpayment resources

Learn More

April 19, 2023


Freedom Mortgage Launches 9th Annual Freedom from Hunger Campaign

One of the company’s four annual campaigns to support local communities across the country where Freedom Mortgage employees live and work

Learn More

March 21, 2023


Fannie Mae Honors Freedom Mortgage with STAR Performer Award, Seventh Year in a Row

Recognized in General Servicing for Excellence in 2022, Helping Americans Become Homeowners While Providing Exceptional Customer Service and Industry Best Practices

Learn More
start portlet menu bar

Web Content Viewer

end portlet menu bar

Recent Press Releases


INITIATIVES

May 9, 2023


NAMB, Freedom Mortgage Wholesale Launch First Certified Education Program

Education partnership will offer mortgage brokers training to expand their loan offerings to serve the underserved and homebuyers with limited downpayment resources

INITIATIVES

April 19, 2023


Freedom Mortgage Launches 9th Annual Freedom from Hunger Campaign

One of the company’s four annual campaigns to support local communities across the country where Freedom Mortgage employees live and work

AWARDS

March 21, 2023


Fannie Mae Honors Freedom Mortgage with STAR Performer Award, Seventh Year in a Row

Recognized in General Servicing for Excellence in 2022, Helping Americans Become Homeowners While Providing Exceptional Customer Service and Industry Best Practices

INITIATIVES

March 1, 2023


Freedom Mortgage Corporation Accepting Submissions for Fourth Annual Celebrate Freedom Contest

Company will recognize one hero – a service member, veteran, first responder or healthcare worker – during the 2023 WaWa Welcome America festival in Philadelphia on Fourth of July

News

February 23, 2023


Freedom Mortgage Wraps Up Impressive 2022

Despite rising interest rates, nationwide mortgage lender saw steady loan production and expanded its philanthropic efforts