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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.

CORPORATE CONTACT
Audrey Shapiro
Freedom Mortgage Corporation
856-380-9073
public.relations@freedommortgage.com

PRESS CONTACT
Mike Murray
Strategic Vantage Marketing & Public Relations
240-498-0863
MikeMurray@StrategicVantage.com

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Reach us at the email below

Public.Relations@FreedomMortgage.com

Recent Press Releases


March 7, 2022


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Fannie Mae Honors Freedom Mortgage with STAR Performer Award, 6th Year in a Row

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Learn More
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Recent Press Releases


HONORS

March 7, 2022


Freddie Mac Honors Freedom Mortgage for Superior Loan Servicing for 6th Straight Year

Company acknowledged for outstanding customer service and positive efforts to prevent and alleviate loan delinquencies

HONORS

March 7, 2022


Fannie Mae Honors Freedom Mortgage with STAR Performer Award, 6th Year in a Row

Recognized in General Servicing for Excellence in 2021, Helping Americans Become Homeowners While Providing Exceptional Customer Service and Industry Best Practices

INITIATIVES

March 1, 2022


Freedom Mortgage Corporation Accepting Submissions for 3rd Annual Celebrate Freedom Award Contest

Company will recognize one hero – a service member, veteran, first responder or healthcare worker during 2022 WaWa Welcome America Festival in Philadelphia on July 4

NEWS

February 28, 2022


Freedom Mortgage Remains Nation’s Top VA and FHA Lender

Company led nation in serving veterans and underserved borrowers for second year in a row in 2021, according to Inside Mortgage Finance ranking

Awards

February 9, 2022


Freedom Mortgage Corporation Honored With 2022 National Top Workplaces USA Award

Energage’s award recognizes exemplary companies across the country, Freedom Mortgage ranked #21 under companies with more than 2,500+ employees