A mortgage branch business operating from Colorado has picked up hundreds of employees and nearly two dozen branches from another mortgage company operating from the Northwest.
W.J. Bradley Mortgage Capital LLC reported that it originated $6.4 billion in residential mortgage loans last year.
The Centennial, Colo.-based company recently said that it operated in 20 states with 67 branches predominantly located in the West. More than 1,300 people were on staff.
But those numbers have all expanded now that W.J Bradley has picked up more than 300 loan originators and 23 branches from Legacy Group Lending Inc.
The deal, announced Wednesday, includes Bellevue, Wash.-based Legacy’s principals. The chief executive officer of Legacy is Scott Rerucha.
Legacy reportedly originated $1.6 billion in 2012.
W.J. Bradley Founder and Chief Executive Officer William J. Bradley noted in the announcement that the company had been “searching for the right partner in the Pacific Northwest for some time.”
W.J. Bradley’s headcount now stands at “more than 1,500 professionals,” while branch count exceeds 80.
