To better reflect its focus on making the home mortgage process easier for customers, Real Estate Mortgage Network Inc. (REMN), one of the largest privately held, non-bank lenders in the U.S., has changed its name to HomeBridge Financial Services Inc.
‘The decision to change our name from REMN to HomeBridge was based on many months of research and careful consideration,’ says Peter Norden, CEO of HomeBridge, in a release. ‘We believe it is a smart move, particularly for our retail mortgage segment, because it directly correlates to what we do for home buyers, home owners and housing industry professionals – we provide a bridge to fulfilling the American dream of home ownership.’
Since its founding in 1989, HomeBridge has grown significantly and today comprises nearly 1,300 associates, more than 70 retail branches from coast to coast, two separate wholesale operations and a rapidly developing correspondent division. In addition, the company is an approved Ginnie Mae and Fannie Mae seller/servicer. The company services approximately 40,000 loans today.
In the fall of 2012, the company launched its correspondent division, HomeBridge Funding, and a second wholesale division, HomeBridge Wholesale, as separate business units under the REMN umbrella. Moving forward, these two divisions will maintain their existing names as divisions of HomeBridge Financial Services, Inc.
Due to the unique nature of its business and existing client base, the company's original wholesale division, REMN Wholesale, will not be changing its name.