Residential lending activity continues to accelerate at Freedom Mortgage Corp., prompting continued growth in staffing and pushing the company to seek other opportunities.
As of March 31, the
Mount Laurel, New Jersey-based firm employed nearly 3,000 people, nearly doubling its staff since the end of 2013.
Some of that growth came from
the execution of a plan announced in January to expand headcount by 500 employees.
Behind the robust recruiting efforts are accelerating originations, which have climbed past 38,000 loans for $8.8 billion during the first three months of this year from $7.3 billion in the fourth-quarter 2014 and just $3.8 billion in the first-quarter 2014.
Mortgage originations at Freedom, which serviced more than $52 billion as of March 31, 2015, have been on the increase in all channels — including retail, wholesale and correspondent — according to the company’s chief executive officer, Stanley C. Middleman. All three channels are scalable to respond to market conditions.
New initiatives are also starting to yield results, Middleman said in a news release. These initiatives include mortgage servicing, commercial real estate lending and financial institutions partners group activity.
“Freedom Mortgage is interested in creating opportunities for our employees, company, business partners, investors, and especially our customers,” Middleman said. “It has been our formula for success, to responsibly foster homeownership while planning for what’s next as our industry continues to evolve.
“We are always on the lookout for companies wishing to work with us or to join us and benefit from our size, scope and employee-centric environment.”
