In 2Q2020, Freedom originated $13.9B in VA loans, greater than double different VA lenders
−Firm offering veterans extra alternatives than ever to enhance their lives−
MOUNT LAUREL, N.J., Sept. 21, 2020 /PRNewswire/ — Freedom Mortgage, one of many nation’s largest full-service non-bank mortgage firms and a frontrunner in VA and government-insured lending, was the nation’s prime VA loan lender throughout the first half of the yr, in line with Inside Mortgage Finance. The corporate has originated and funded practically $21 billion in VA loans via the second quarter of 2020, based mostly on info obtained by the publication.
Freedom Mortgage’s rating relies on Inside Mortgage Finance’s assessment of the 100 prime VA lenders from the Division of Veterans Affairs. The corporate’s whole quantity contains buy loans, Curiosity Charge Discount Refinance Loans (IRRRL) and cash-out refinance loans made via the primary half of the yr. The publication discovered that throughout the second quarter, Freedom Mortgage originated $13.9 billion in VA loans, greater than twice as a lot as every other VA lender.
“We’re having an unbelievable yr supporting homeownership for therefore many households, particularly enhancing the lives of our army communities,” stated Freedom Mortgage CEO Stanley C. Intermediary. “We not too long ago adjusted our minimal FICO rating necessities to assist much more creditworthy veterans and energetic army personnel with their residence financing wants.”
Freedom Mortgage has additionally ramped up its efforts to assist numerous army and civilian non-profits nationwide throughout 2020. This fall, the corporate held its eighth annual Rucksacks to Backpacks program, throughout which workers donated over $90,000 value of back-to-school provides to the youngsters of army households. The corporate supported its workers’ efforts by making a $10,000 donation to the USO, leading to a complete charitable contribution valued at $100,000. Donations went to the USO of Arizona, Bob Hope USO, USO Indiana, USO of Central and Southern Ohio, USO of Better Jacksonville, USO of Metropolitan Washington-Baltimore, USO of Pennsylvania and Southern New Jersey, and USO of Metropolitan New York.
On account of COVID-19 restrictions, this yr’s marketing campaign was held just about. Staff bought backpacks and college provides on-line and shipped the objects on to particular person USOs, the place backpacks had been assembled and distributed at drive-through occasions at every location. Despite these restrictions, in 2020 the corporate donated 9 occasions as many university provides because it did in 2019.
“It is no shock to me that our workers went above and past for this yr’s Rucksacks to Backpacks marketing campaign, even throughout a pandemic,” Intermediary stated. “An necessary a part of our mission at Freedom is to present returned to energetic army, veterans and their households and to recollect these much less lucky, so we at all times discover a manner.”
Click on right here to see a brief video on the corporate’s work with the Rucksacks to Backpacks program.
About Freedom Mortgage
Based in 1990 and headquartered in Mount Laurel, New Jersey, Freedom Mortgage is a non-bank, full-service mortgage firm that gives mortgage loans via retail, wholesale, and correspondent channels. One of many nation’s largest loan originators and servicers, the corporate is licensed in all 50 states, the District of Columbia, Puerto Rico and the U.S. Virgin Islands. Freedom Mortgage is a frontrunner in VA mortgage lending and one of many mortgage business’s largest philanthropic supporters of the USO and army households. The corporate can be famend for its vibrant work atmosphere the place its group members can thrive. For extra info, please go to FreedomMortgage.com.
Established in 2013, Staff Freedom Cares gives Freedom Mortgage workers, relations, associates and clients info on actions that profit native communities, in addition to energetic obligation, reserve and veterans of all branches of our army. Staff Freedom Cares additionally encourages workers to take motion for the betterment of their neighborhood. For extra info, go to www.teamfreedomcares.org/.
Freedom Mortgage Company
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SOURCE Freedom Mortgage Company