Freedom Mortgage Acquires BluFi Lending

Posted by Patrick Barnard on May 05, 2014 No Comments
Categories : Residential Mortgage

Freedom Mortgage Corp., a New Jersey-based residential mortgage lender, has purchased the assets of BluFi Lending, a San Diego-based direct mortgage lender with branches in California and Nevada.

Under terms of this transaction, BluFi Lending's five branches will be rebranded as Freedom Mortgage – part of Freedom Mortgage's strategy to expand its retail lending footprint in the western U.S., the company says.

‘The industry's changes are opening up a lot of opportunities for lenders that have a solid plan in place,’ says Stanley C. Middleman, president and CEO of Freedom Mortgage. He adds that the merge expands the company's "ability to foster homeownership to more people in a greater territory."

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