Freedom Mortgage Is Nation's Top VA Mortgage Lender in First Quarter 2017
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
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
Third time in a row Freedom Mortgage has been identified as a top place to work nationwide
Learn MoreJanuary 18, 2023
The company ranks in the top 25 out of 300 top businesses recognized for incorporating social and environmental impact alongside profits
Learn MoreDecember 27, 2022
Recent Press Releases
February 3, 2023
Third time in a row Freedom Mortgage has been identified as a top place to work nationwide
January 18, 2023
The company ranks in the top 25 out of 300 top businesses recognized for incorporating social and environmental impact alongside profits
December 27, 2022
November 1, 2022
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
November 21, 2022
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