What do you look for when seeking out new members of the Freedom Mortgage team? Those are the types of things that make a company great. I don’t know if Freedom Mortgage is as different as we are diligent, determined and consistent. We offer a fair value in terms of price and service. We deal in traditional referrals and direct-to-consumer as well. We have correspondent business, wholesale business and conduct business relationships with customers in our portfolio. There are lots of reasons to do business with us. What makes Freedom Mortgage different from the competition? Surviving the mortgage meltdown is a pretty big deal … we grew our business post-crisis. Every day, you put one foot in front of the other … I cannot say there was any particular triumph or challenge that was monumental. I don’t think I’ve had the highest of highs and lowest of lows. Over the past quarter-century in business, what have been your most significant triumphs and challenges? It is great to work hard and see so many people blossom in their careers. The best is in front of us, not behind us. I believe our industry has never been as user-friendly as it currently is today. The technology that is now in place gives us much more confidence in our data. Also, the number of employees it took to close a file in early 1990s is vastly different than today.Īll of the activity we are involved with now is done much quicker and we are more efficient than ever. Stan Middleman: We went from paper files to paperless files, and we are more regulated now than we ever have been. What have been the most important changes in the industry since you began the business? NMP: Freedom Mortgage is celebrating its 25th anniversary in business this year. National Mortgage Professional Magazine spoke with Middleman about his career and his success in the mortgage marketplace. Last year, Freedom Mortgage acquired a pair of mortgage companies: BluFi Lending, a regional lender serving California and Nevada, and Continental Home Loans (CHL), serving New York and New Jersey. Also in 2013, Freedom Mortgage expanded into commercial real estate lending, placing its focus on first mortgage originations from $2 million to $10 million in size for commercial mortgage-backed securities (CMBS) execution. The REIT raised an impressive $130 million in its initial public offering. In 2013, Middleman, current CEO of Freedom Mortgage, created another company, Cherry Hill Mortgage Investment Corporation, a real estate investment trust (REIT), with the goal of creating a new source of liquidity for his lending operations. Now celebrating its silver anniversary, Freedom Mortgage is licensed in all 50 states plus the District of Columbia and Puerto Rico.ĭuring the past two years, the privately-held Freedom Mortgage has seen substantial expansions to its operations. In 1990, Stan Middleman, a former insurance and annuities salesman turned mortgage broker, launched Mount Laurel, N.J.-based Freedom Mortgage.
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |