Origen Financial LLC, a wholly owned subsidiary of Origen Financial Inc., has completed the sale of its underwriting and loan origination platform to Origen Financial Services LLC (OFS) (unrelated to Origen Financial Inc.), a group led by software services provider ManageAmerica.
The new entity will maintain the Origen Southfield, Mich., offices and staffing and will continue to serve manufactured home community operators that fund loans on homes sold in their communities, the company says.
The OFS acquisition is intended to ensure uninterrupted service to community operators who have been clients of both ManageAmerica and Origen Financial Inc. and is designed to expand opportunities for other community operators seeking those complementary services.
Source: Origen Financial LLC